Condo Control

NOVEMBER 11, 2024

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.

Condominium 130

Condominium Maintenance Government Management 130

American Apartment Owners Association

DECEMBER 9, 2024

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. Final Thoughts: Is a 1031 Exchange Right for You?

Real Estate 130

Real Estate Regulation Condominium Attorney 130

Property Management Inc.

NOVEMBER 26, 2024

This is why we often stress the importance of regular maintenance because issues only grow more costly when they’re not caught and taken care of early on. ” This result is a reminder of how important preventative maintenance and comprehensive reserve studies are to an HOA’s success.

Contractors 52

Contractors Engineering Maintenance Condominium 52

Mem Property Management

JULY 24, 2024

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. There is also the question of maintenance and who should pay for them. One option is to include the maintenance costs in the computation of HOA dues.

Government 52

Government Maintenance Condominium Applications 52

Mem Property Management

SEPTEMBER 4, 2024

Always check with an attorney for your state’s specific laws when implementing Rules. Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) For instance, if the Declaration says rentals are allowed, the board cannot pass a Rule saying no rentals are allowed.

Government 52

Government Insurance Condominium Physical Property 52