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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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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.

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How a condo/HOA attorney might navigate new Florida laws

Condo Control

Websites and records All HOAs that contain 100 parcels or more must maintain a website or application that can be downloaded through a phone, states HB 1203. Similarly, HB 1237 requires condo associations with 150 or more units (excluding timeshare units) to have a website or application that complies with specific obligations.

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Reserve study requirements by state

Condo Control

Many states have or are considering enforcing laws that regulate reserves. 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. Reserve funds and studies have become a hot topic among condo and HOA communities.

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Community managers say these are the top issues impacting their associations

Condo Control

So, in one way or another, finances are putting a strain on condominiums and HOAs. While this change supports environmental initiatives and owners who want to use sustainable energy alternatives, it imposes an additional regulatory scheme and takes away from the HOAs architectural authority to regulate solar panels.

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AI In HOAs: Is It Good For The Industry?

HOA Managememt

As AI technology advances, its potential applications within HOA communities are growing. AI can also assist in ensuring compliance with legal requirements and regulations. For instance, condominiums in Florida must maintain a reserve fund. The industry’s future certainly looks promising.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

Property 130