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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.

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Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

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Reserve study requirements by state

Condo Control

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.

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Community association trends: What’s changed in 6 years

Condo Control

cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. If you live in a condominium or homeowners association, does your community have a reserve study to help plan for repair and replacement of major components owned by the community? This survey is completed every other year.

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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. New constructions built after February 1, 1995.

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Co-Op vs. Condos: Understanding the Difference Before You Buy in DC [Bonus Tips for Renting]

Nest DC

After single-family row homes and townhouses, condominiums (condos) and cooperatives (co-ops) are two popular housing types in Washington, DC, for potential buyers. In this blog, we will delve into the nuances of co-ops and condos, highlighting their ownership structures, financing considerations, and community dynamics.

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5 HOA Terms Every Board Member Needs to Know

Mem Property Management

Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) You are in charge of enforcing the Rules and Regulations and governing documents, making decisions on possibly fining owners that do not comply or enforcing them to remove that fence that is too tall.