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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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California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

Californias real estate landscape is changing with new laws taking effect in 2025, impacting landlords, developers, property owners, and investors. New Laws in California 2025 Californias 2025 real estate laws introduce key changes affecting landlords, investors, and developers. Here is the list of laws in California 2025: 1.

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

Condo Control

Check out the new laws that have come into effect in 2025. Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. Amendments were made in 2024, requiring condominiums with 25 or more units to have a website.

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5 ways for high rise condominiums to save money in 2025

Condo Control

Densely populated high rise condominiums have always been budget conscious. Reduce administrative costs Administrative costs are any expenses incurred to maintain day-to-day operations of the condominium. With so many expenses, its not hard to overspend and exceed the annual budget. But this year is different.

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Key Deadlines: SB326 Deadline: January 1, 2025 Applies to all multifamily residential buildings (3+ units) governed by an HOA. Their goal is simple: to ensure that these structures remain safe and sound for residents.

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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

These bills affect both homeowners associations and condominium associations. This certification confirms that they have read the association’s governing documents, will uphold them, and will faithfully carry out their duties. They must also complete a state-approved condominium education course.

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

Condo Control

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. Homeowners associations, condominium associations, and housing cooperatives are usually structured as state non-profit corporations and are therefore swept into the BOI reporting requirements. Table of contents Who is expected to file a report?