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

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). Of course, you’re not alone in this journey.

Compliance 130

Compliance Property Management Property Manager Regulation 130

Buildium

DECEMBER 30, 2024

Advertising to influence government legislation, however, is never deductible. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. To learn more, check out our blog post on 1031 exchanges.

Property Manager 245

Property Manager Property Management Management Property 245

American Apartment Owners Association

DECEMBER 16, 2024

CHAT WITH AN ATTORNEY Legal Responsibilities Of Landlords And Tenants Understanding the legal responsibilities of landlords and tenants is crucial to establishing a fair and mutually respectful relationship. Checking compliance with lease terms, such as pet policies or smoking restrictions. Need Legal Help? Ask unlimited questions.

Landlord 246

Landlord Lease Agreement Tenant Rental Property 246

American Apartment Owners Association

DECEMBER 9, 2024

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.

Real Estate 130

Real Estate Regulation Condominium Attorney 130

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. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

Lease 52

Lease Commercial Property Commercial Property Management Lease Agreement 52

Muldoon Associates

NOVEMBER 7, 2024

Have an attorney or a Colorado Springs property manager review your lease to ensure it complies with local laws. Fair housing, habitability standards, eviction procedures, and security deposit returns are all governed by state and federal laws. Implementing Compliance Procedures. Avoid legal missteps by: Staying Informed.

Lease Agreement 98

Lease Agreement Property Property Management Property Manager 98

MRI Software

DECEMBER 4, 2024

Multifamily zoning governs the rules and regulations around building residential properties that include multiple housing units. Developers must navigate these rules to avoid legal or financial setbacks and to ensure compliance from the beginning. What regulations govern multifamily zoning? What does multifamily zoning entail?

Regulation 52

Regulation Government Residential Property Applications 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 a result, these communities lack the guidance and provisions they require to govern the installation and management of charging stations. Who Pays for Electric Car Charging Stations?

Government 52

Government Maintenance Condominium Applications 52

MRI Software

DECEMBER 4, 2023

This will help ensure compliance with legal procedures and that you are protecting the tenant’s rights. This makes it vital for property managers to familiarize themselves with the specific laws governing their area. The second reason is to grasp the requirements for eviction notices and tenant rights.

Lease Agreement 52

Lease Agreement Property Tenant Lease 52

Second Nature

JANUARY 29, 2025

State laws governing property management business Each property management companys approach is very dependent on regional or state regulations. Before taking any steps to either start or change your business, you need to have a clear understanding of the local laws governing your business venture.

Property Management 52

Property Management Property Manager 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

MRI Software

FEBRUARY 26, 2025

Hiring experienced professionals, such as zoning attorneys and planning consultants, can provide valuable guidance and ensure compliance with all requirements. Demonstrating the community benefits of your multifamily project is crucial for gaining public and government support. How do you demonstrate community benefit?

Applications 52

Applications Applicants Consulting Regulation 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. The HOA had threatened to sue the closing attorney if the sale was finalized with the ramp installed.

Compliance 130

Compliance Attorney Litigation Education 130

Rental Housing Journal

APRIL 14, 2025

These funds provide investors with substantial tax incentives while promoting economic development in designated Opportunity Zones, which are typically low-income areas selected by state governments and certified by the U.S. Consulting a qualifiedtax professional or attorney can help ensure IRS compliance and mitigate risks.

Rental Property 52

Rental Property Property Real Estate Consulting 52