Condo Control

NOVEMBER 21, 2024

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.

Electronics 246

Electronics Condominium Government Litigation 246

HOA Managememt

JANUARY 14, 2025

HOA Proxy Voting Rules by State Here are the different state laws stipulating the United States HOA proxy voting regulations: Alabama Section 10A-3-2.05(b) However, this should be executed in writing by the HOA member or his/her authorized attorney-in-fact. It does have stipulations for condominium association proxy voting , however.

Government 130

Government Electronics Attorney Single-Family Home 130

American Apartment Owners Association

DECEMBER 9, 2024

To comply with IRS regulations, you must adhere to the following rules: 45-Day Identification Period: Within 45 days of selling your property, you must identify potential replacement properties. The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations.

Real Estate 130

Real Estate Regulation Condominium Attorney 130

Condo Control

NOVEMBER 11, 2024

Many states have or are considering enforcing laws that regulate reserves. 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. Reserve funds and studies have become a hot topic among condo and HOA communities.

Condominium 130

Condominium Maintenance Government Management 130

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. Make sure the electric car charging stations condominiums and HOAs install won’t deal any long-term or short-term damages. Who Pays for Electric Car Charging Stations?

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