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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). Our role is to help ensure NAA members are informed and aware of their responsibilities, said Joe.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. Keep reading and explore our guide to rent increase notices, compliance and more. Interested in more information? Ready to get started?

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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities. Analyze rental market trends for informed decisions. Ensure legal compliance to mitigate risks. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

At least until that hearing is resolved, there will be no Beneficial Ownership Information (BOI) reporting requirements enforced by the federal government. District Court for Eastern Texas ordered a temporarily hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the CTA.

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

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). How long does it take to report ownership information?

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

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). Smaller operators might need to hire legal counsel.

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A Fair Housing Challenge: The Use of Marijuana

American Apartment Owners Association

Furthermore, consulting with a fair housing attorney is crucial to establishing a robust, consistent verification process that meets legal standards. This approach ensures compliance and maintains a uniform policy across all resident requests, safeguarding the property management against potential legal challenges.