Remove Applicants Remove Definition Remove Regulation
article thumbnail

Understanding Non-Occupancy Charges in Housing Societies

ADDA

Maharashtra: Legally Capped at 10% Governing Law: Maharashtra Cooperative Societies Act, 1960 Key Regulation: Government Order under Section 79A dated 1 August 2001 caps NOC at 10% of the service charges component of monthly maintenance. When Are Non-Occupancy Charges Not Applicable?

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Vacancy rates Before you purchase a multifamily property, be sure to investigate the current vacancy rate in the building and the surrounding area to assess tenant turnover and potential rental income stability.Multifamily homes by definition have multiple units and therefore, separate income sources.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Form a Resident Welfare Association (RWA) in India: A State-Wise Step-by-Step Guide

ADDA

Draft Bye-Laws and Memorandum Create bylaws and a memorandum of association (MoA) that regulate quorum, elections, roles, membership, and dispute resolution. Send the application to the Registrar of the relevant jurisdiction (Societies/Co-operative/Apartment Act Registrar). The majority of states have a model bye-law structure.

article thumbnail

Florida Short-Term Rental Laws 2025: What Property Managers Need to Know

Avantio

With its specific rules and ongoing debate about who can mandate and regulate the state’s market, Florida vacation rentals are struggling to keep up with compliance and remain competitive. Tug-of-War Between State and Local Regulations What Does This Mean for Airbnb Hosts and Property Managers? Did You Know?

article thumbnail

What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

Gas (if applicable) Some apartments use gas for heating, cooking, or hot water. Disadvantages of Utilities-Included Rentals Having utilities bundled with rent is definitely convenient. Here are the factors: Local Laws & Regulations In some regions, landlords must provide certain utilities like water and trash collection.

article thumbnail

What Is a Lessee? Definition & What You Need to Know

Bay Property Management Group

Comply with Local Laws and HOA Rules Lessees must follow local laws, zoning regulations, and any rules set by a homeowners’ association (HOA) if applicable. Definition & What You Need to Know appeared first on Bay Property Management Group. The post What Is a Lessee?

article thumbnail

How to Form a Resident Welfare Association (RWA) in India: A State-Wise Step-by-Step Guide

ADDA

Draft Bye-Laws and Memorandum Create bylaws and a memorandum of association (MoA) that regulate quorum, elections, roles, membership, and dispute resolution. Send the application to the Registrar of the relevant jurisdiction (Societies/Co-operative/Apartment Act Registrar). The majority of states have a model bye-law structure.