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

American Apartment Owners Association

The case highlights the power (and potential risk) of enforcing daily late fee provisions in lease agreements. Foster had rented a single-family home from landlord John Schutt starting in 2018 for $1,900 per month. Their lease included a late fee clause charging $20 for each day that rent remained unpaid after the first of the month.

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

ADDA

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. ” Income from advertising hoardings, telecom towers, or space leased to outside parties Since it originates from outside companies, this is taxable.

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Employee Spotlight: Sean Donohue, Director of Operations of BMG Laurel

Bay Property Management Group

He graduated from the University of Maryland-College Park in 2018 with a BA concentrated in Architecture and Real Estate Development. After working various positions in sales and retail during college, Sean began his career with BMG as a leasing agent six years ago.

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Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The company alleges the city passed ordinances between 2018 and 2022 that hurt its ability to successfully operate a low-income apartment building. The city has retained the law firm Bryan Cave Leighton Paisner.

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New 2025 condo and HOA laws for U.S. states

Condo Control

Communities that haven’t had a reserve study completed since October 1, 2018, must undertake one no later than October 1, 2023. 2018 Florida Recording amendments to governing documents HOAs are required to record amendments to rules and regulations. The study must be updated every five years thereafter.

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Rent Collection: What The Best Property Managers Do To Get The Most Money For Their Client

Property Management Inc.

October 9, 2018 Maintaining a reliable cash flow is key to obtaining maximum profit for rental property owners and the greatest factor in reliable cash flow is the ability to consistently collect rent on time.

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Understanding the 20% Pass-Through Tax Deduction for Redding, CA Landlords

Authority Property Management

This deduction began in 2018 and is currently scheduled to last through 2025. Rental services that count toward the 250 -hour requirement include tasks like advertising the property , negotiating leases, collecting rent, and managing maintenance. Who Qualifies for the 20% Deduction?