HOA Managememt
MARCH 27, 2025
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.
Buildium
JANUARY 6, 2025
As the governing body, the board is responsible for making decisions that uphold the community’s governing documents, maintain financial stability, and address homeowner concerns. These materials may include financial reports, proposed budgets, contractor bids, and correspondence from homeowners.
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Buildium
NOVEMBER 5, 2024
Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.
Buildium
DECEMBER 30, 2024
Advertising to influence government legislation, however, is never deductible. Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too.
Condo Control
FEBRUARY 14, 2025
For example, residents can sign into their accounts using a mobile app in order to access governing documents to check a rule, or submit a request to book the party room. Condominium corporations participate in a formal tendering process to acquire goods or services from third-party suppliers or contractors.
Real Property Management Chicago
APRIL 6, 2023
Building permits A building permit is a legal document issued by a local government body that authorizes homeowners to construct or renovate their properties. Renovations may entail expanding the usable space, enhancing the design, replacing worn-out components, and incorporating contemporary technology.
Condo Control
DECEMBER 9, 2024
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.
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