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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

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.

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5 ways for high rise condominiums to save money in 2025

Condo Control

Densely populated high rise condominiums have always been budget conscious. In order to avoid angering residents by issuing hefty special assessments or maintenance fee increases, boards and managers are doing what they can to offset the high cost of maintaining a condo. But this year is different. million for a 300-unit building.

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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.

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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

Board members and community managers alike have a duty to ensure legal compliance. 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.

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Key Deadlines: SB326 Deadline: January 1, 2025 Applies to all multifamily residential buildings (3+ units) governed by an HOA. Their goal is simple: to ensure that these structures remain safe and sound for residents.

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HOA Collection Laws In The U.S. (50 States) For Fair Debt Collection

HOA Managememt

No specific federal law governs collection practices specifically for HOA communities. Most debt collection practices are governed by state law, and your specific homeowner’s associations governing documents tackle the process. In a nutshell, this law governs how these agencies should collect debt and unpaid dues.

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California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

Lower security deposit limits create a more accessible rental market, encouraging resident stability while requiring property owners to manage financial risks effectively. SB 326 (HOA Exemptions & Separate Condo Rules) Condominiums managed by HOAs follow a different inspection process but must comply with SB 326.