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Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The company alleges the city passed ordinances between 2018 and 2022 that hurt its ability to successfully operate a low-income apartment building. The city has retained the law firm Bryan Cave Leighton Paisner. The suit claims this is a “taking” of the landlord’s property.

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HOA Reserve Study Requirements By State

HOA Managememt

3) An estimate of the cost of repair, replacement, restoration, or maintenance of the components identified in paragraph (1). (4) If an item is not covered in the most recent study or if no study has been conducted, the reserve amount is calculated using the estimated remaining lifespan and replacement or deferred maintenance costs.

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Reserve study requirements by state

Condo Control

According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Section 81-315 states that minimum contributions to reserves vary based on the Reserve Study or a statutory formula based on number of common area components. This rule is very important.

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Single-Family Property Management Service Trends for 2022

Propertyware

On the Owner Side Rental owners, overall, looked to their property managers to take on a larger role, beyond rent collection and maintenance. Since 2018, the number of investors in our survey has increased from 67 to 71 percent. They’re also looking for an attention to detail when it comes to managing maintenance and residents.