Remove 2018 Remove Condominium Remove Real Estate
article thumbnail

HOA Reserve Study Requirements By State

HOA Managememt

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. The condominium disclosure statement must also include the most recent reserve study, as per Section 81-409. There are 13 states that require a reserve study or a reserve schedule for condo associations.

article thumbnail

Reserve study requirements by state

Condo Control

Motivated by the Surfside condo collapse, lawmakers don’t ever want to see another community in the same position as the Miami condominium ended up in. Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.

article thumbnail

Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

As we approach the November 2024 elections, one of the key ballot measures that could significantly impact the real estate market in California is Proposition 33. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. Similar propositions were defeated in 2018 and 2020.