American Apartment Owners Association

JANUARY 7, 2025

If you purchase property, you should have title insurance, and if you loan money secured by real property you should have title insurance. It is well worth it to have an insured deed with a policy of title insurance issued by a title insurance company. Bankruptcy Court. The prelim is an imperfect snapshot!

Real Estate 130

Real Estate Litigation Attorney Insurance 130

Condo Control

JANUARY 10, 2025

Contact the HOAs insurance company The association must also notify its insurance carrier upon service of the lawsuit. The sooner the insurance provider receives information about the lawsuit, the sooner the company can make a decision. Some types of litigation may be covered. At times, rules may become irrelevant or cumbersome.

Litigation 130

Litigation Government Attorney Insurance 130

HOA Managememt

AUGUST 8, 2024

Specific duties can vary depending on state laws and the governing documents. Without an HOA board, these tasks would fall by the wayside. What Happens to an HOA With No Board? An HOA without board members is like a country without leaders. Without a HOA board, the association would cease to operate as designed.

Education 246

Education Government Management IT 246

Florida Property Management

SEPTEMBER 12, 2022

A very important insurance for property owners The National Flood Insurance Program (NFIP) is managed by the FEMA and is delivered to the public by a network of more than 50 insurance companies and the NFIP Direct. Most homeowners insurance does not cover flood damage.

Insurance 52

Insurance Government Consulting Regulation 52

Property Management Inc.

NOVEMBER 26, 2024

You need to ensure that you’re charging the right amount of tax (check with local government if you’re not working with a property manager). This tax will then need to be remitted to the government. Check out local government websites for further information. Business insurance can also be beneficial.

Government 52

Government License Compliance Property Management 52

Real Property Management Chicago

SEPTEMBER 13, 2024

Most of the time, it’s important to know which existing agreements will govern your new investment. Don’t forget to ask the current owner about any past or present insurance claims, particularly if they were caused by the tenants. Given that the lease is binding, you’ll need to follow its terms until it concludes or is due for renewal.

Tenant 130

Tenant Lease Agreement Property Insurance 130

Mem Property Management

MARCH 7, 2025

It depends on state law and your specific HOAs governing documents. If you think your association has unfairly raised your assessments, you can review state law and your associations governing documents to ensure the HOA is following proper procedure when it comes to your assessments.

Government 52

Government Maintenance Insurance Utilities 52

Buildium

OCTOBER 21, 2024

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year.

Finance 245

Finance Management Attorney Consulting 245

Beach Front Property Management

DECEMBER 30, 2024

They cater to diverse needs through various types, such as fixed-rate, adjustable-rate, and government-backed loans. Down Payment : A higher down payment reduces monthly payments, and 20% down eliminates mortgage insurance for conventional loans. Understanding how mortgages work is crucial for making informed decisions.

Finance 147

Finance Single-Family Home Insurance Real Estate 147

Condo Control

NOVEMBER 7, 2024

They will be asked to pay for the repair, or the condo’s insurance deductible limit, whichever is less. For example, if an owner causes a flood that damages a few units and common elements, that owner will be required to cover the costs of the condo’s insurance deductible, rather than the condo passing that cost on to all owners.

Condominium 130

Condominium Government Insurance Landlord 130

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. 2018 Florida Recording amendments to governing documents HOAs are required to record amendments to rules and regulations. California Electronic voting permitted It has finally happened!

Electronics 246

Electronics Condominium Government Litigation 246

Bay Property Management Group

JANUARY 12, 2025

Moreover, if the tenant lists your rental on short-term rental platforms, it could result in: Regulatory Violations : Many jurisdictions have strict rules governing short-term rentals , and landlords may be held accountable if the tenants don’t comply.

Landlord 147

Landlord Lease Agreement Insurance Lease 147

Condo Control

APRIL 9, 2025

Increased insurance premiums were by far the biggest problem. Most of the issue options presented in the survey were selected based on recent condo/HOA laws (insurance being the big outlier). Prices for labor, materials, and of course, insurance skyrocketed after the most recent pandemic, and many of those costs never came down.

Management 130

Management Insurance Education Condominium 130

Condo Control

MARCH 19, 2025

They must also host digital copies of most of the associations official records, including articles of incorporation, CC&Rs, bylaws, rules, current insurance policies, the annual budget, and current certification of each director. They can do this, at least for now, because there is no Kaufman language in their governing documents.

Attorney 130

Attorney Condominium Education Government 130

Condo Control

DECEMBER 6, 2024

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. Thats likely because owners can sell their homes for more when they belong to a governed community.

Condominium 130

Condominium Government Management Maintenance 130

American Apartment Owners Association

NOVEMBER 21, 2024

Nothing contained on this website constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. What are legal grounds for rejecting an applicant? Disclaimer: All content provided here-in is subject to AAOA’s Terms of Use.

Applications 246

Applications Applicants Lease Agreement Landlord 246

American Apartment Owners Association

MARCH 24, 2023

This may be done directly by the party or by the party’s title insurance carrier after a claim is made with the title insurance carrier. Title insurance companies often times get involved in prosecuting, defending, and settling quiet title actions on behalf of property owners and lenders.

Litigation 130

Litigation Real Estate Insurance Attorney 130

American Apartment Owners Association

MARCH 24, 2023

This may be done directly by the party or by the party’s title insurance carrier after a claim is made with the title insurance carrier. Title insurance companies often times get involved in prosecuting, defending, and settling quiet title actions on behalf of property owners and lenders.

Litigation 130

Litigation Real Estate Insurance Attorney 130

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.

Condominium 130

Condominium Regulation Applications Applicants 130

Condo Control

DECEMBER 2, 2024

The provider bills users directly. Other considerations Laws and governing documents Current laws, and the condominium’s governing documents, will help owners assess how easy or difficult it may be to have a charging station installed. But, there is one very big issue which may be slowing sales by a lot.

Apartment 130

Apartment IT Condominium Government 130

AirKeeper

JANUARY 5, 2025

Insurance Considerations Standard homeowner insurance policies often do not cover short-term rentals. Airbnb offers its Host Guarantee and Liability Insurance programs, but additional short-term rental insurance may be necessary to address coverage gaps. Keeping detailed financial records is essential for compliance.

Airbnb 130

Airbnb Compliance Regulation Property 130

Buildium

NOVEMBER 5, 2024

While non-employee compensation is now filed under the 1099-NEC (we’ll get to that later), you’ll still need to file a 1099-MISC for: Rent income Prizes and awards Cash paid from a notional principal contract to an individual, partnership, or estate Fishing boat proceeds Medical and health care payments Crop insurance proceeds Payments to an attorney (..)

Property Management 227

Property Management Property Manager Management Electronics 227

Schofields Insurance

SEPTEMBER 20, 2024

Therefore, the buildings sum insured must be accurate so that if your property was damaged by fire or flood, for example, it will be restored to its former glory. Research shows that millions of homes could be under-insured, risking a major financial loss should disaster strike. What does buildings insurance cover?

Insurance 67

Insurance Engineering Government Property 67

Zeevou

MARCH 19, 2025

Finally, familiarise yourself with local laws and regulations governing short-term rentals. Insurance and Liability Considerations Insurance is crucial when expanding your property management business into new markets. Assess occupancy rates and guest feedback to understand the competitive landscape.

Property Management 52

Property Management Property Manager Management Property 52

Beach Front Property Management

SEPTEMBER 26, 2024

You can research local laws through your state government website. Moreover, your insurance may not cover injuries to unauthorized paying guests. Insurance This is a great opportunity to discuss insurance coverage. You can ask your resident to provide adequate proof of rental insurance when they sign their lease.

Lease 130

Lease Landlord Lease Agreement Insurance 130

Rental Choice

AUGUST 6, 2024

Apart from this, federal, state, and local governments often restrict various types of smoking. Federal Law The federal government regulates both tobacco and marijuana. Moreover, no federal or state law universally grants people the freedom to smoke wherever or whenever they want. Let us discuss the former first.

Apartment 130

Apartment Tenant Lease Agreement Regulation 130

Condo Control

FEBRUARY 5, 2025

Contingency reserve fund expenditures (costs) are usually identified in advance by a depreciation report (similar to the report created after a reserve fund study), and must be approved by owners unless it is for emergency repairs or insurance deductibles that are a common expense. Who can perform studies?

Condominium 130

Condominium Engineering Regulation Property 130

American Apartment Owners Association

OCTOBER 14, 2024

Nothing contained on this website constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. Its only $5 for a 1-week trial. Ask unlimited questions. CHAT WITH AN ATTORNEY What is a Section 8 voucher?

Applications 130

Applications Applicants Landlord Single-Family Home 130

American Apartment Owners Association

OCTOBER 14, 2024

Nothing contained on this website constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. Its only $5 for a 1-week trial. Ask unlimited questions. CHAT WITH AN ATTORNEY What is a Section 8 voucher?

Applications 130

Applications Applicants Landlord Single-Family Home 130

Mem Property Management

JANUARY 6, 2025

The first thing you must do is check your condo association s governing documents. If your governing documents dont include these stipulations, then its probably time toconsider amending them. Some associations have outdated governing documents which can include unenforceable rules. WHEN IS CONDO INSURANCE INVOLVED?

IT 52

IT Condominium Insurance Government 52

Muldoon Associates

NOVEMBER 7, 2024

Fair housing, habitability standards, eviction procedures, and security deposit returns are all governed by state and federal laws. Inadequate Insurance Coverage Investors in real estate understand how important it is to protect their assets. That starts with good insurance. Be thorough when it comes to insuring your property.

Lease Agreement 98

Lease Agreement Property Property Management Property Manager 98

American Apartment Owners Association

DECEMBER 16, 2024

Essential laws governing landlord entry rights Landlord entry rights are regulated by specific laws to ensure that tenants privacy and enjoyment of the property are protected. This ensures harmony between both parties and protects the interests of both the landlord and the tenant.

Landlord 246

Landlord Lease Agreement Tenant Rental Property 246

Condo Control

FEBRUARY 14, 2025

5 ways condominiums can save money Reduce administrative costs Hire companies that offer value Experiment with AI Improve energy efficiencies Consolidate subscriptions/services Depending on where you live, your community may also be struggling with insurance fees, legal requirements, or labor shortages.

Condominium 130

Condominium Contractors Government Management 130

Mem Property Management

AUGUST 5, 2024

Your first line of defense is your insurance policy. This usually includes maintenance expenses, management fees, landscaping expenses, insurance premiums, and the like. If your HOA’s insurance is insufficient, then homeowners should be prepared to pay association assessment fees. What is an example of a special assessment?

Government 52

Government Insurance Maintenance IT 52

Property Management Inc.

MARCH 13, 2025

In contrast, commercial tenants often deal with more complex lease structures, including triple-net leases, where tenants handle property taxes, insurance, and maintenance costs. These regulations govern everything from tenant screening to lease negotiation. Residential tenants typically pay a fixed monthly amount.

Residential Property Management 40

Residential Property Management Residential Property Management Commercial Property Management Residential Property 40

MaidThis

OCTOBER 24, 2024

You’ll need to figure out how much you can charge and how much you’ll need to pay for utilities, insurance, and cleaning fees. Step 2: Check Local Government Requirements Indeed, the government is going to have a seat at the table in what you do. If not, you need to contact your local government and ask questions.

Airbnb 52

Airbnb Government Rental Unit Insurance 52

American Apartment Owners Association

NOVEMBER 21, 2024

Nothing contained on this website constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. What are legal grounds for rejecting an applicant? Disclaimer: All content provided here-in is subject to AAOAs Terms of Use.

Applications 130

Applications Applicants Landlord Tenant 130