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Some of the most common qualifications include: Homeowner in good standing: Most HOAs require candidates to own a property within the community and be current on dues and assessments. Free of Legal Disputes with the HOA Individuals involved in active litigation against the association are often barred from running.
Incorporation requires filing Articles of Incorporation with the Secretary of State and drafting bylaws outlining board structure, meeting rules, and voting procedures. Older HOAs that are not incorporated may not enjoy the same legal protections and could face more complex legal hurdles in enforcement or litigation.
According to a recent analysis by Bank of Montreal (BMO) and the Swiss Re Institute, the social inflation rate—the trend of rising insurance claims costs driven by increased litigation—is not expected to slow in 2025, posing a threat to insurer profitability and overall market stability. However, rates averaged about 7% between 2017 and 2023.
This article is an overview of the quiet title claim process for property owners and real estate deed of trust lenders who may have a perceived or real problem with their right, title, and interest to real property in California. Everyone should get a title checkup. These matters should be cleared up.
This article is an overview of the quiet title claim process for property owners and real estate deed of trust lenders who may have a perceived or real problem with their right, title, and interest to real property in California. Everyone should get a title checkup. These matters should be cleared up.
As a property management business owner, the recent lawsuit between the Federal Trade Commission (FTC) and Invitation Homes has raised concerns across the industry. If you’re a property manager, this lawsuit serves as a stark reminder of the growing scrutiny on how property management companies handle tenants and fees.
Florida HOAs need a website and must post records As of January 1, 2025, HB 1203 requires all HOAs that contain 100 parcels or more to maintain a website, and host digital copies of most of the association’s official records, including articles of incorporation, CC&Rs, bylaws, rules and current insurance policies.
Whether you own one or multiple rental properties, a power of attorney is a key component in your estate planning portfolio. However, rental property owners may more prudently choose a business partner or another rental industry expert as the Agent. An Agent can be someone close to you, such as a spouse, child, or parent.
Dealing with a property manager who ignores your concerns or requests can be frustrating and challenging. Whether you're renting an apartment, condominium, or commercial space, effective communication with your property manager is essential for resolving issues and ensuring a positive rental experience.
In this article: The Importance of an HOA Meeting Minutes Template Why Record HOA Meeting Minutes? This includes the total assets as of the date of the meeting, the total operating fund, reserve expenses, delinquencies, and any liens placed on homeowner property. Though, they may become discoverable in the event of litigation.
military veteran removed a wheelchair ramp from the house he was purchasing to avoid litigation threatened by a homeowners association. California HOA Prohibits Religious Decor Also, in 2019, a California condo owner filed a lawsuit against her HOA and property management company after they stopped her from putting a mezuzah on her doorframe.
You stand out from the competition In a competitive market, having a hot tub can give your property an edge over similar listings and can be a deciding factor for potential guests choosing your holiday let over others. They provide year-round appeal, especially in the shoulder and low-season months. Please consult the guidance below.
Estate planning for rental property owners involves a multitude of estate planning options available to rental property owners. However, it is not recommended that the owners heirs, or a beneficiary, also serve as a witness due to concerns of undue influence on the testator that could later create costly litigation.
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