Remove 2024 Remove Condominium Remove Management
article thumbnail

Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

article thumbnail

Florida HOA Laws 2024: Updates And Changes

HOA Managememt

Homeowners associations should keep up with the changes in Florida HOA laws 2024. Board members and community managers alike have a duty to ensure legal compliance. What are the New Florida HOA Laws 2024? These bills affect both homeowners associations and condominium associations. Participation requires board approval.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New 2025 condo and HOA laws for U.S. states

Condo Control

California Florida Illinois You can also check out laws that came into effect in 2024 and previous years for each state. Amendments were made in 2024, requiring condominiums with 25 or more units to have a website. HB 1203 makes it clear that HOAs need a website, just like condominium communities. Recent U.S.

article thumbnail

The Corporate Transparency Act – should your association wait to file a report?

Condo Control

This act came into effect in January of 2024, and businesses that meet certain criteria are expected to file a Beneficial Ownership Information (BOI) report to the U.S. If board members ask a manager or attorney to file on their behalf, then they will need to pay those professionals for their time. financial system.

article thumbnail

Community association trends: What’s changed in 6 years

Condo Control

housing stock, reports the Foundation for Community Association Research, and that number will continue to rise as the Foundation predicts developers will form more than 3,000 HOAs in 2024. cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. Just how much have fees increased?

article thumbnail

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. Amendments were made in 2024, so now small condominiums with 25 or more units must also have a website. Ultimately, this law reduces the workload for board members and/or staff.

Attorney 130
article thumbnail

Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.