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

Condo Control

states, affecting everything from electronic voting to accessible parking. California Electronic voting permitted It has finally happened! Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. Hearings may be held by electronic means.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.

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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. A copy, facsimile, or electronic version of the appointment form can be submitted to the secretary of the HOA. In addition to an in-person submission, proxies can also be executed electronically.

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

Condo Control

BOI reports can be submitted electronically on the FinCEN website. If board members ask a manager or attorney to file on their behalf, then they will need to pay those professionals for their time. a board member is replaced) How is a report filed? It does not cost any money to file a report.

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New Laws for LA Landlords

Real Property Management Choice

Electronic Vehicles According to AB2565, landlords should allow the installation of electric vehicle charging stations by tenants as long as they meet the stations set standards. It states that the city attorney can demand that a landlord evicts a tenant for unlawful possession of weapons or ammunition.

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Condo Frozen Pipes: Who Should Take Care Of It?

Mem Property Management

When crafting your amendments, make sure to consult your associations attorney to help with the wording. This includes damages to any clothes, furniture, electronics, artwork, and other personal items. Some state laws require cooperation from homeowners to make any changes, and homeownerscan even reverse rulesin others.

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Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

Many times, this is merely the starting point of negotiations between a purchaser and a seller which is commonly drafted by a purchaser’s broker or attorney. It is imperative that you have a competent real estate attorney to help you by reviewing and or drafting your LOI for you.