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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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New Florida laws for summer 2025: Is your condo impacted?

Condo Control

Although summer is a great time for a bit of rest and relaxation, Florida condominiums have some work ahead of them. Note that this bill is directed at condominium and cooperative associations. House Bill 913 , also known as the 2025 Reform Bill, came into effect July 1. The location must be provided in the association’s bylaws.

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California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

AB 2579 (Inspection Deadline Extension) Originally set for January 1, 2025, but now extended to January 1, 2026. SB 326 (HOA Exemptions & Separate Condo Rules) Condominiums managed by HOAs follow a different inspection process but must comply with SB 326. Schedule balcony inspections before the January 1, 2026 deadline.

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Key Deadlines: SB326 Deadline: January 1, 2025 Applies to all multifamily residential buildings (3+ units) governed by an HOA. SB721 Deadline: January 1, 2026 Targets multifamily buildings with 3+ units not governed by an HOA.

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Is now the time to buy a condo in Toronto?

Condo Control

But, making such a large purchase always comes with risks that need to be evaluated. The price is right It’s still a stretch to say that Toronto condominiums are affordable, but prices are certainly more reasonable now than they were 3 years ago. Q1 2025 condominium sales amounted to 3,794 in the GTA, down 21.7%