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How a condo/HOA attorney might navigate new Florida laws

Condo Control

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. You should always consult with an attorney for advice about specific situations. Condos are also dealing with new legal additions.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. AAOA recommends you consult with a financial advisor, tax specialist, attorney or other specialist who is able to properly advise you.

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

Condo Control

This act came into effect in January of 2024, and businesses that meet certain criteria are expected to file a Beneficial Ownership Information (BOI) report to the U.S. If board members ask a manager or attorney to file on their behalf, then they will need to pay those professionals for their time. financial system.

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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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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. AAOA recommends you consult with a financial advisor, tax specialist, attorney or other specialist who is able to properly advise you.

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