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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.

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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. This rule is very important.

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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.

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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. New constructions built after February 1, 1995.

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Boca Raton Real Estate Investing (Ultimate Guide)

Florida Property Management

Are you looking to invest in Boca Raton, Florida real estate? Real estate investments can offer a path to earning passive income by generating monthly rental revenue and capitalizing on property appreciation. However, not all real estate markets are the same. rise compared to the same period last year.

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Navigating California’s Rental Laws: What Every Carson Landlord Should Know

Real Property Management Choice

In 2024, there are new security deposit limits. Security Deposits for Carson Rental Properties We’re starting with security deposits because as we mentioned already, there’s a new law that went into effect in July of 2024, limiting the amount of a security deposit you can collect. It’s now the equivalent of one month’s rent.

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FCC Says Landlords Can Force Bulk Internet Service On Residents

Rental Housing Journal

Change praised by multifamily groups The National Multifamily Housing Council (NMHC), the National Apartment Association (NAA) and the Real Estate Technology and Transformation Center (RETTC) applauded Carrs withdrawing a recent proposal to restrict high-speed internet bulk-billing agreements.