Remove Attorney Remove Condominium Remove Management
article thumbnail

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. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property 200
article thumbnail

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. And its not just HOAs.

Attorney 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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. What if we need help with reserve management? Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.

article thumbnail

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. Arizona According to the Arizona Statutes , HOA proxy voting is only allowed during the period of declarant control or when the developer or declarant is still managing the HOA.

article thumbnail

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. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property 130