HOA Managememt
SEPTEMBER 12, 2024
Board members and community managers alike have a duty to ensure legal compliance. These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HB 1021 For Condominium Associations Governor DeSantis signed HB 1021 into law on June 14, 2024.
Condo Control
NOVEMBER 7, 2024
A condominium or strata may charge costs that it sustained because of an owner’s actions or omissions back to them through common expense fees. In Ontario, the Condominium Act explains when condo corporations can charge back costs to the common expenses of an owner. What are chargebacks? What costs can be charged back?
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HOA Managememt
OCTOBER 28, 2024
HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. The condominium disclosure statement must also include the most recent reserve study, as per Section 81-409. There are 13 states that require a reserve study or a reserve schedule for condo associations.
HOA Managememt
AUGUST 27, 2024
AI can also assist in ensuring compliance with legal requirements and regulations. For instance, condominiums in Florida must maintain a reserve fund. Legal Assistance Communities can also use AI to provide legal assistance by analyzing legal documents, identifying potential issues, and ensuring compliance with state and federal laws.
Bay Property Management Group
DECEMBER 3, 2024
These books can give you a greater understanding of legal compliance, tax strategies, repair processes, and more. Preventative Maintenance for Multi-Family Housing: For Apartment Communities, Condominium Associations, and Town Home Developments by John C. Landlord’s Legal Kit for Dummies (2 nd Edition) by Robert S.
American Apartment Owners Association
DECEMBER 9, 2024
The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations.
MRI Software
DECEMBER 12, 2023
The types of properties managed within this sector include condominiums (condos), townhouses, and any other residential buildings with multiple rentable units. Legal matters Property managers must be knowledgeable about landlord-tenant laws and fair housing regulations to keep the multifamily property in legal compliance.
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