Remove Attorney Remove Compliance Remove Condominium
article thumbnail

1031 Exchange in Multifamily Real Estate

American Apartment Owners Association

The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations. swapping a property owned by an LLC with one owned by an individual) These pitfalls can be avoided by working with a team of experienced professionals, including real estate attorneys, tax advisors, and qualified intermediaries.

article thumbnail

HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

As always, it is best for HOA boards to seek help from an attorney or their HOA management company when interpreting their rights, powers, and obligations. Establishing a written policy for how to handle charging stations will ensure consistent enforcement and compliance across the community.