Condo & HOA Management in Cambridge, MA

Yes. We manage condo and HOA associations across Cambridge, including university-adjacent and mixed-use buildings, and throughout Greater Boston.

Under M.G.L. c. 183A, §10(i), every Massachusetts condo association must maintain an "adequate reserve fund" for capital expenditures and deferred maintenance, held in a separate, segregated account. The statute doesn't set a fixed dollar amount or percentage — adequacy depends on the building's components, their remaining useful life, and replacement cost, which is why a reserve study is the standard way boards determine the right number. A common funding guideline (and a Fannie Mae mortgage-eligibility threshold) is at least 10% of the annual operating budget going to reserves.

Yes. We run a done-for-you 45–60 day transition of records, accounts, vendors, and owner communication with no gap in coverage.

Under Massachusetts condominium law (M.G.L. c. 183A, §6), the association's lien for up to six months of unpaid common expenses — plus attorney's fees and costs — has priority over the unit's first mortgage. We run the statutory notice and collection process for your board so one delinquent owner doesn't quietly become every other owner's shortfall.

CMCA and AMS, plus an in-house licensed general contractor, home inspector, deleader, and broker across the Green Ocean companies.