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New 2025 condo and HOA laws for U.S. states

Condo Control

Amendments were made in 2024, requiring condominiums with 25 or more units to have a website. HB 1203 makes it clear that HOAs need a website, just like condominium communities. Mandatory reserve fund requirements This news should not come as a surprise to any Florida condominium community. Recent U.S.

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HOA Proxy Voting Rules In The U.S. (Per State)

HOA Managememt

However, this should be executed in writing by the HOA member or his/her authorized attorney-in-fact. For a proxy to be valid and recognized in Georgia, it must be executed in writing and signed by the member or attorney-in-fact. It does have stipulations for condominium association proxy voting , however.

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Reserve study requirements by state

Condo Control

Motivated by the Surfside condo collapse, lawmakers don’t ever want to see another community in the same position as the Miami condominium ended up in. Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.

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The Corporate Transparency Act – should your association wait to file a report?

Condo Control

Homeowners associations, condominium associations, and housing cooperatives are usually structured as state non-profit corporations and are therefore swept into the BOI reporting requirements. If board members ask a manager or attorney to file on their behalf, then they will need to pay those professionals for their time.

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1031 Exchange in Multifamily Real Estate

American Apartment Owners Association

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.

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Condo Frozen Pipes: Who Should Take Care Of It?

Mem Property Management

DEALING WITH CONDO FROZEN PIPES Every season has its range of weather-specific concerns for property owners and condominium associations. When crafting your amendments, make sure to consult your associations attorney to help with the wording. But, is it your job to fix these pipes? Or, is someone else accountable for them?

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Have You Received a Reasonable Accommodation Request in Michigan Park?

Real Property Management DC Metro

Even if unintentional, committing such an offense can cost you years in court and thousands of dollars on costly attorneys. Owner-occupied private residences, including single-family homes, apartments, and condominiums, with no more than four units are excluded from the ADA’s reasonable accommodation rules.