Remove Condominium Remove Document Remove Regulation
article thumbnail

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

Condo Control

Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. 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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HOA Proxy Voting Rules In The U.S. (Per State)

HOA Managememt

While mainly governed by your associations bylaws and governing documents, most states have legislation that provides HOA proxy voting rules. 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) What is Proxy Voting?

article thumbnail

Davis Stirling Act: What Is It, Rules, Fines, And Violations

HOA Managememt

Both homeowners and HOA board members should understand the regulations under this Act to avoid penalties. Enacted in 1985, this law applies to all forms of common interest developments (CIDs), including condominiums, planned developments, and cooperatives. This includes the rules and regulations of the HOA. The Liebler v.

IT 130
article thumbnail

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.

article thumbnail

What’s the Difference Between an HOA vs. COA vs. POA?

Bay Property Management Group

A homeowners association (HOA) is an organization in a planned community or another type of group housing development that creates and enforces its own local rules and regulations for the houses and residents in that community. The regulations and dues for one HOA vs another HOA can vary a lot. They are also regulated in various ways.

article thumbnail

1031 Exchange in Multifamily Real Estate

American Apartment Owners Association

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.