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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. Check out the new laws that have come into effect in 2025.

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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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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. This law applies to any lease executed, renewed or extended on or after 1st July 2015. Terminating Lease Agreement According to senate bill No.612,

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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.

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How to Handle a Bad Contractor

SparkRental

Make all payments either electronically or via check. Not only are suits in small claims affordable, but they also offer the option for you to represent yourself with no attorney or legal fees. Unfortunately, we cannot trust the old “handshake” agreement in situations involving thousands of dollars.

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Fair Play in Housing: Ensuring Compliance with Fair Housing Laws

Real Property Management Chicago

You can get more details about housing laws in your state electronically. Make sure that your lease terms, guidelines, and standards are equally fair to all tenants. Look up to an attorney or legal expert when creating policies or handling challenging situations.