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Collecting Assessments: What To Consider When Negotiating A Repayment Plan

Mem Property Management

At the same time, community association boards have an important responsibility tocollect assessments, which fund essential services such as trash pickup, stormwater management, street and sidewalk maintenance and lighting, and recreational facilities.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation. Invest in a property-wide deep cleaning, and address any maintenance issues that have been put off. Protect your human assets.

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Can I Use Pet Deposit Money To Pay For Other Rental Damages?

Rental Housing Journal

Remember Hank is not an attorney and he is not offering legal advice. Sincerely, Hank Rossi As a child, Hank Rossi sometimes helped his father take care of the family rental-maintenance business. Can a landlord use pet deposit money to pay for other tenant rental damages is the question this week for Ask Landlord Hank.

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7 common reasons why HOAs get sued

Condo Control

Some HOAs hand off those types of maintenance responsibilities to owners, but thats not always the case. Inform the HOAs attorney All lawsuits are subject to strict filing deadlines. As a result, the board should reach out to the associations attorney as soon as the HOA is served.

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Important Lease Clauses For Landlords

Beach Front Property Management

It outlines details like pet policies, guest allowances, parking, and maintenance procedures. What to Include in Lease Agreement You can write an effective lease agreement without needing to consult an attorney. Repairs and Maintenance. Clearly outline responsibilities for maintenance and repairs to avoid disagreements.

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Reserve study requirements by state

Condo Control

According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Section 81-315 states that minimum contributions to reserves vary based on the Reserve Study or a statutory formula based on number of common area components. This rule is very important.

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HOA snow removal

Condo Control

HOAs must ensure that roads and common areas are clear of snow and ice, but answers vary when it comes to sidewalk and driveway maintenance. Some communities pay more to have snow cleared from owner lots, while others expect owners to do the shoveling.

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