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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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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

Homeowners associations should keep up with the changes in Florida HOA laws 2024. What are the New Florida HOA Laws 2024? These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. This certification is valid for four years.

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

Condo Control

California Florida Illinois You can also check out laws that came into effect in 2024 and previous years for each state. Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. HB 1203 makes it clear that HOAs need a website, just like condominium communities.

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The Corporate Transparency Act – should your association wait to file a report?

Condo Control

This act came into effect in January of 2024, and businesses that meet certain criteria are expected to file a Beneficial Ownership Information (BOI) report to the U.S. The National Small Business Association filed a lawsuit, and on March 1, 2024, U.S. The federal government appealed the decision​​​ on March 11.

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HOA Reserve Study Requirements By State

HOA Managememt

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study. Florida These are the Florida HOA reserve study requirements.

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Community association trends: What’s changed in 6 years

Condo Control

Governed communities are getting harder to avoid. housing stock, reports the Foundation for Community Association Research, and that number will continue to rise as the Foundation predicts developers will form more than 3,000 HOAs in 2024. Homeowners associations account for more than 30% of the U.S.

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Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Amendments to Albertas Condominium Property Act Condominium Dispute Resolution Tribunal Conflict is inevitable in a condominium community. After that, costs will be covered by condominium owners.