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How a condo/HOA attorney might navigate new Florida laws

Condo Control

HB 1203 was passed in 2024 with the intention of promoting transparency and consistency across Florida homeowners associations. Find out how an attorney might approach some of the new Florida laws Many owners were excited, or at least optimistic about the possibility of having more freedom and transparency in their neighborhoods.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024).

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). By that time, property management business owners should be ready to go.

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). By that time, property management business owners should be ready to go.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Latest update: January 3, 2025 On December 27, 2024, the United States Court of Appeals for the Fifth Circuit temporarily blocked enforcement of the Corporate Transparency Act (CTA). Update: December 24, 2024 On December 23, 2024, the U.S. On December 23, 2024, the U.S. Even so, that could be years away.

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Reserve study requirements by state

Condo Control

The amount to be reserved for an item is determined by the association’s most recent structural integrity reserve study, which must be completed by December 31, 2024. Effective December 31, 2024, members of a unit-owner controlled association are not allowed to provide “no reserves or less reserves than required.”

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December 2024 Client Town Hall

Nest DC

DC law requires attempting a payment plan and Emergency Rental Assistance Program (ERAP) application in many instances We use an outside eviction attorney to navigate this process, which can take up to a year Prior to initiating a legal action, our team actively pursues payment and applies appropriate late fees.