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The Importance of an Accurate Rental Application

American Apartment Owners Association

The importance of a thorough and accurate rental application cannot be overstated. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members.

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Common HOA Legal Violations and How to Handle Them

Bay Property Management Group

Awareness of these bylaws and governing documents helps provide solid references when dealing with potential legal issues. That said, when board members fail to adhere to these documents, it can lead to legal disputes. Failing to Provide the Right Documentation There are several crucial documents that HOAs must have.

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7 DOCUMENTS EVERY LANDLORD SHOULD HAVE ON FILE

Real Property Management Choice

As a landlord, if you haven’t given much thought to the documents you keep—and those you discard—you risk being unable to defend your position in a dispute or pursue the tenant to collect damages in the event that becomes necessary. APPLICATION You should also keep the tenant’s rental application on file, for two reasons.

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Understanding HOA finances: A practical guide for association managers

Buildium

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. You’ll also need to budget for attorney fees. Review how many hours your association’s attorney typically bills each month so you can plan for those expenses accordingly.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). For smaller independent rental owners, gathering the necessary documentation could take hours or even days. What is the Corporate Transparency Act? By that time, property management business owners should be ready to go.

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Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

Some key elements to consider include: The lease agreement This legally binding document outlines the terms and conditions of the rental agreement, including rental payment, lease duration, and any specific rules or restrictions. The functionality of security systems, if applicable. Need Legal Help? Its only $5 for a 1-week trial.

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Why and How to Evict a Tenant

American Apartment Owners Association

Once you have deemed you have a legal reason for eviction and youve given your tenant a fair warning through a written eviction notice, you can take the following steps to remove them: Sue for eviction/file an eviction lawsuit: Consider hiring a real estate attorney who handles residential evictions.

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