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

Condo Control

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.

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

HOA Managememt

While mainly governed by your associations bylaws and governing documents, most states have legislation that provides HOA proxy voting rules. Generally, proxy voting is governed by the HOAs bylaws, but most states have set standards that homeowners and associations may follow. What is Proxy Voting?

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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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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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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. 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.

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5 HOA Terms Every Board Member Needs to Know

Mem Property Management

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.