Condominium Government Insurance 
Condo Control
FEBRUARY 5, 2025
Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.
Condo Control
FEBRUARY 14, 2025
Densely populated high rise condominiums have always been budget conscious. Reduce administrative costs Administrative costs are any expenses incurred to maintain day-to-day operations of the condominium. With so many expenses, its not hard to overspend and exceed the annual budget. But this year is different.
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American Apartment Owners Association
FEBRUARY 13, 2025
The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Delays in compliance could lead to legal actions from homeowners, insurance complications, and costly emergency repairs. SB721 Deadline: January 1, 2026 Targets multifamily buildings with 3+ units not governed by an HOA.
Condo Control
NOVEMBER 21, 2024
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.
Mem Property Management
JANUARY 12, 2025
The purchase and annual renewal of the Master Insurance policy for most homeowner associations (HOAs) is probably the quickest and least understood decision an HOA board makes each year say Martin H. IMPORTANT: Your insurance broker must review the CC&R for your association to understand the scope of the associations responsibility.
Condo Control
DECEMBER 9, 2024
Alberta has tabled legislation that aims to improve governance in condominium communities. Amendments to Albertas Condominium Property Act Condominium Dispute Resolution Tribunal Conflict is inevitable in a condominium community. After that, costs will be covered by condominium owners.
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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