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Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know

ADDA

Apartment living entails a number of shared responsibilities, such as maintaining lifts and managing common funds. The Supreme Court ruled in Venkatesh Premises Co-op Society Ltd vs. ITO (2018) that this money is a pooled contribution used for self-benefit rather than income. What, if anything?

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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. The district court ruled that Foster owed $5,700 in unpaid rent and $21,240 in late fees.

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Top 50 vacation rental management companies in 2025 (worldwide)

Rentals United

Number of vacation rentals: 28,500 Locations: Multi-country Market: Multi-market Property type: Urban apartments Service: Full-service property management HQ: San Francisco, California, USA Founding year: 2014 4. Onefinestays unique approach to short- and medium-term renting appeals to a diverse range of guests, from families to celebrities.

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Fires and floods are eviscerating US communities, intensifying the housing crisis

American Apartment Owners Association

Even before this winter’s fires, these insurance issues would have been a defining legislative issue for California, predicted Alexandra Alvarado, director of education and marketing at the American Apartment Owners Association, an industry lobbying group. Across the U.S., states are grappling with similar challenges.

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Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The City of Seattle has hired a law firm to defend against a Seattle real estate investor suit alleging the city “destroyed” its ability to sustainably operate an affordable apartment property in the Chinatown International District, according to reports. The city has retained the law firm Bryan Cave Leighton Paisner.

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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

According to Curbed LA , Inglewood will impose an immediate 5 percent cap on rent increases for any apartment buildings and duplexes built before February 1, 1995. As California landlords continue to price out tenants, displacement rates have spiked, causing city officials to begin implementing rent control across the region.

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Rental Scams: What Property Managers Must Do To Prevent Listing Fraud

Property Management Inc.

According to a July 2018 survey by Apartment List, 6.4 Potential tenants should also make sure the property is not in foreclosure and the property manager has legal right to rent it to them. If a manager tries to dissuade a tenant from seeing the property in person before renting, that’s a red flag. million U.S.