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Find out how an attorney might approach some of the new Florida laws Many owners were excited, or at least optimistic about the possibility of having more freedom and transparency in their neighborhoods. Below, we will outline the topics discussed in the webinar, and we invite you to download the Q&A document, too.
Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. 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.
As of now, the Corporate Transparency Act applies to corporations, limited liability companies, and other similar entities created by the filing of a document with a secretary of state. If board members ask a manager or attorney to file on their behalf, then they will need to pay those professionals for their time.
Are members with criminal records eligible to be board members in a condominium or HOA? Criminal records are not grounds for automatic disqualification A criminal record is documentation of someone’s contact or involvement with the criminal justice system. It depends on several variables, but in many cases, yes, they are.
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.
A good QI will help you navigate deadlines, documentation, and the specific regulations associated with 1031 exchanges. Types of Properties Eligible for a 1031 Exchange While the term like-kind can sound limiting, it encompasses a broad range of investment properties.
DEALING WITH CONDO FROZEN PIPES Every season has its range of weather-specific concerns for property owners and condominium associations. The first thing you must do is check your condo association s governing documents. If your governing documents dont include these stipulations, then its probably time toconsider amending them.
Even if unintentional, committing such an offense can cost you years in court and thousands of dollars on costly attorneys. Requesting medical documents is improper, so don’t do it. The Fair Housing Act may be broken if reasonable accommodations are not made. What is a Reasonable Request?
These properties can take various forms, including apartment complexes, duplexes, townhouses, or condominiums, offering a range of housing options for different demographics. Each phase demands thorough planning, detailed documentation, and proactive engagement with local authorities and community stakeholders.
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.
Existing HOAs can opt in by amending their governing documents. Mandates disclosures to buyers about HOA membership, assessments, and governing documents. Alabama Uniform Condominium Act (1991) Applies to condominiums created on or after January 1, 1991. Adopt annual budgets, which must be disclosed to members.
While mainly governed by your associations bylaws and governing documents, most states have legislation that provides HOA proxy voting rules. However, this should be executed in writing by the HOA member or his/her authorized attorney-in-fact. Most indicate the requirements for a valid proxy vote and its limitations.
Governing Documents The declaration, bylaws, operating rules, articles of incorporation or other documents which govern the operation of the association. The governing documents , sometimes referred to as the CC&R’s (Conditions, Covenants, and Restrictions) is where the HOA and the board get their authority.
There are hosting fees and maintenance fees to consider in addition to the initial cost of the site Has the board spoken with an attorney about the website and what information should be gated? Conversely, you may require multiple pages if your owners prefer to get documents and information online.
Many landlords are now exploring the potential of converting their rental properties into condominiums to unlock new opportunities for income and investment. A multifamily condo conversion involves transforming a rental property with multiple units, like an apartment building, into individually owned condominiums.
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