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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

These bills affect both homeowners associations and condominium associations. This certification confirms that they have read the association’s governing documents, will uphold them, and will faithfully carry out their duties. They must also complete a state-approved condominium education course.

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HOA Reserve Study Requirements By State

HOA Managememt

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study.

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Condo and strata chargebacks

Condo Control

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? As such, some provinces do fine condo owners.

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Reserve study requirements by state

Condo Control

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. Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.

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Community association trends: What’s changed in 6 years

Condo Control

Governed communities are getting harder to avoid. Considering more Americans will be living in governed communities, we thought it would be interesting to see what trends have shaped these communities over the past 6 years. cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation.

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

Bay Property Management Group

These HOAs are run by a board of directors and usually collect monthly or annual fees as a means to cover the costs of common areas, amenities, and general maintenance of the community. A property owners association or POA is the word used for an organization that manages and governs a community or residential area. What is a COA?

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How To Determine A Fair Rental Rate Plus Factors To Consider

Rental Choice

Rent Control Some areas have government-mandated rental caps. Similarly, you can charge higher rental rates if the apartment, condominium, or community has amenities like gyms, pools, on-site parking, or co-working spaces. Websites like Apartments.com and HUD’s fair market rents may help.

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