Buildium

OCTOBER 21, 2024

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.

Finance 245

Finance Management Attorney Consulting 245

Yardi Breeze

NOVEMBER 22, 2024

Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). What if someone isnt sure what to do next?

Compliance 130

Compliance Property Management Property Manager Government 130

Yardi Breeze

NOVEMBER 22, 2024

TL;DR : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCEN’s BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). What if someone isn’t sure what to do next?

Compliance 130

Compliance Property Management Property Manager Regulation 130

Beach Front Property Management

NOVEMBER 6, 2024

Document the Violation : Record details of the violation, including dates, times, and any supporting evidence, such as photos, emails, or witness statements. Consider Mediation or Legal Advice : Consult a mediation service or attorney if direct communication does n o t resolve the matter. Prioritize collaboration over conflict.

Lease 130

Lease Lease Agreement Attorney Maintenance 130

Yardi Breeze

JANUARY 3, 2025

The bottom line : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines. Non-compliance may lead to steep penalties, including fines and criminal liability.

Compliance 130

Compliance Property Management Property Manager Government 130

American Apartment Owners Association

DECEMBER 16, 2024

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. Checking compliance with lease terms, such as pet policies or smoking restrictions. Need Legal Help?

Landlord 246

Landlord Lease Agreement Tenant Rental Property 246

Real Property Management Evertrust

OCTOBER 7, 2024

Unclear Lease Terms Another rookie mistake is not having a solid, legally binding lease agreement that clearly outlines tenant expectations, rent payment dates, and consequences for non-compliance. Start with a polite conversation and document everything in writing. If tenants don’t know the rules, they are more likely to break them.

Tenant 130

Tenant Lease Agreement Landlord Lease 130

American Apartment Owners Association

DECEMBER 9, 2024

The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations. A good QI will help you navigate deadlines, documentation, and the specific regulations associated with 1031 exchanges. To ensure the process runs smoothly, its essential to work with a knowledgeable and experienced QI.

Real Estate 130

Real Estate Regulation Condominium Attorney 130

Bay Property Management Group

NOVEMBER 18, 2024

For example, you can find the Consumer Guide to Tenant and Landlord Rights from the Pennsylvania Attorney General a helpful guide for those in Philadelphia and nearby. Each state typically has a similar document that you can examine in order to find specific regulations on this matter. Look closely at your place.

Lease 130

Lease Lease Agreement Landlord Property Management 130

Florida Property Management

JULY 23, 2021

As per Florida Law you when you are aware of this situation you must first serve a 7 day Notice of Non Compliance with an opportunity to Cure. After the expiration of the 7 day notice if the situation persists you can then file for an eviction based on the non compliance or breach of lease terms and conditions.

Compliance 52

Compliance Attorney Lease Agreement Property 52

Esquire Property Management Group

OCTOBER 9, 2024

To qualify, tenants must furnish a written declaration affirming compliance with these parameters, along with self-attestation regarding their workforce size. Landlords will need to provide “supporting documentation” for applicable costs, which must be limited to expenses related to operation, maintenance, and repair.

Lease 52

Lease Commercial Property Commercial Property Management Lease Agreement 52

Esquire Property Management Group

NOVEMBER 14, 2024

This fee may include the costs of filing court documents, appearing in court, and hiring a legal representative. Many property managers do not charge eviction fees, but merely pass along the costs of the process services, and eviction attorneys directly to the owners. These fees are generally nominal, ranging from $50 to $200 annually.

Commercial Property Management 52

Commercial Property Management Commercial Property Property Management Property Manager 52

Florida Property Management

JUNE 26, 2020

There will be a thorough inspection to document the condition of your property. Communicating with owners, tenants, vendors, and other interested parties such as insurance agents, attorneys, accountants, and other professionals. This should include: Rent collection. This takes a lot of risk and liability off your plate.

Property Management 52

Property Management Property Manager Management Property 52

Esquire Property Management Group

DECEMBER 11, 2023

Landlords and property managers need to familiarize themselves with the ins and outs of insurance policies and coverage details to verify tenants’ compliance with lease agreement terms. For example, brokers, property managers, attorneys all have a duty to carry E&O insurance for their operations.

Insurance 52

Insurance Commercial Property Management Tenant Commercial Property 52

Young Management

MARCH 14, 2024

What is a Rent Increase Letter A Rent Increase Letter is a formal document that a landlord sends to a tenant to inform them of an upcoming increase in their rent. To ensure compliance and clarity regarding the notice period for rent increases, it’s advisable to consult the relevant local regulations.

Rent 52

Rent Lease Agreement Compliance Regulation 52

SparkRental

NOVEMBER 28, 2024

Additional Documentation to Support Your Case Remember to maintain a collection of supporting evidence beyond the basic paperwork to strengthen your position if issues with the contractor escalate. Some things to consider as you document their misdeeds: Did they ever not show up when they were supposed to? Did they go over budget?

Contractors 52

Contractors License Real Estate Insurance 52

MRI Software

FEBRUARY 26, 2025

Each phase demands thorough planning, detailed documentation, and proactive engagement with local authorities and community stakeholders. This application typically requires a detailed site plan, a comprehensive project description, and supporting documents such as traffic and environmental impact studies.

Applications 52

Applications Applicants Consulting Regulation 52

MRI Software

DECEMBER 4, 2023

This document outlines the rights and responsibilities of both parties, which is essential to know before pursuing an eviction process. This will help ensure compliance with legal procedures and that you are protecting the tenant’s rights. The second reason is to grasp the requirements for eviction notices and tenant rights.

Lease Agreement 52

Lease Agreement Property Tenant Lease 52

Mem Property Management

JULY 24, 2024

In this article: The Importance of an HOA Electric Car Charging Policy Understand Your Governing Documents Who Pays for Electric Car Charging Stations? 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.

Government 52

Government Maintenance Condominium Applications 52

Property Management Inc.

NOVEMBER 26, 2024

Vague or Incorrect Information Like other legal documents, a notice to quit must contain accurate information. Non-Compliance With Rent and Eviction Control Laws Some areas have rent control laws that limit your ability to increase rent or evict tenants without just cause. Ambiguity could open the door to challenges.

Landlord 52

Landlord Tenant Rent Lease 52

Nest DC

DECEMBER 16, 2024

Beyond compliance, we've found that maintaining fresh paint, thorough cleaning, and addressing minor repairs leads to higher resident satisfaction, longer tenancies, and fewer maintenance requests over time. This process starts with the service of a legal document - a notice of intent to file a claim.

Maintenance 52

Maintenance Rent Lease Compliance 52

Second Nature

JANUARY 29, 2025

We highly recommend hiring an attorney who can help you navigate those laws and regulations. Depending on the jurisdiction, legal compliance and documentation services may be relevant to property management associations as well. This section should also discuss the pricing strategy for these services.

Property Manager 52

Property Manager Property Management Management Property 52

Real Property Management Chicago

DECEMBER 5, 2024

Keep reading to learn the nitty-gritty of fair housing regulations, common compliance problems, and ideal practices for rental property owners and managers. Other best practices to ensure compliance include: Use inclusive language in rental advertisements to steer clear of inequitable claims or preferences.

Compliance 246

Compliance Property Management Property Manager Applications 246

American Apartment Owners Association

JANUARY 22, 2025

Its essential to consult with an attorney, business consultant, or accountant in your state. File Articles of Organization: Submit this foundational document to your states Secretary of State office for example, the requirements to form an LLC in Florida include outlining basic details about your business.

Real Estate 130

Real Estate Lease Agreement Insurance License 130

RL Property Management

JANUARY 20, 2025

Being a landlord in Columbus, Ohio, comes with more than just managing properties and collecting rentit requires a clear understanding of Columbus rental laws to ensure compliance. In recent blogs, we reviewed the hidden risks of non-compliance and shared essential dos and donts for landlords.

Landlord 52

Landlord Compliance Property Management Property Manager 52

HOA Managememt

FEBRUARY 27, 2025

Given this, HOA board members need to know and understand the different nuances of their state laws to ensure compliance. Compliance also involves implementing HOA policies that comply with these federal and state laws. For best results, the HOA should document all of its decisions with objective criteria.

Compliance 130

Compliance Attorney Litigation Education 130

American Apartment Owners Association

JANUARY 22, 2025

Its essential to consult with an attorney, business consultant, or accountant in your state. File Articles of Organization: Submit this foundational document to your states Secretary of State office for example, the requirements to form an LLC in Florida include outlining basic details about your business.

Real Estate 100

Real Estate Lease Agreement Insurance License 100

RL Property Management

JANUARY 6, 2025

In this article, well walk you through the basics of Fair Housing, share tips to help you stay on track, and show how a property management company can make compliance much easier. Click here for a complete Fair Housing Guide from the Ohio Attorney General. Compliance isnt optional. Lets dive in! The key takeaway?

Landlord 98

Landlord Applications Applicants Compliance 98

Florida Property Management

JULY 3, 2020

Ask for a lease from a Florida property manager or real estate attorney. We strongly encourage you to educate yourself completely on the landlord and tenant laws, or to work with a professional property management company that can keep you safe from liability and ensure you’re always in compliance.

Landlord 52

Landlord Tenant Lease Agreement Lease 52

RL Property Management

APRIL 10, 2025

Stop the Cycle How Self-Managing Landlords Unknowingly Enable Chaos Establish Firm, Fair Systems that Do the Heavy Lifting Create Emotional Distance with Documentation & Tech Enforce the Lease Like a Pro Without the Guilt Know When Its Time to Say Goodbye What Professional Property Managers Do Differently What Makes a Tenant High-Maintenance?

Maintenance 52

Maintenance Tenant Lease Property Management 52

MRI Software

APRIL 1, 2025

Proper planning and legal documentation are critical to making this transformation a success. These steps ensure compliance with local regulations and provide the foundation for a smooth conversion process. Legal fees for drafting condo documents and establishing the HOA.

IT 52

IT Property Single-Family Home Condominium 52