Mem Property Management

FEBRUARY 10, 2025

Immobilizing Vehicles for Parking Violations* Most community associations have rules and regulations in place governing the parking of vehicles. However, towing a vehicle in New Jersey requires compliance with the Predatory Towing Prevention Act.

License

ADDA

JULY 23, 2025

A Resident Welfare Association (RWA) or Association of Apartment Owners (AOA) is necessary for organised governance, money management, conflict resolution, and upkeep of shared infrastructure if you reside in a gated apartment complex or plotted community in India. However, how is one formed?

Government

HOA Managememt

MAY 8, 2025

Alabama Homeowners Association Act (2015) Effective January 1, 2016, Alabamas Homeowners Association Act governs homeowners associations created after that date. Existing HOAs can opt in by amending their governing documents. Mandates disclosures to buyers about HOA membership, assessments, and governing documents.

Condominium

Buildium

APRIL 21, 2025

These types of trust accounts are often prepared by an attorney and come with several pieces of documentation such as notarized trust certification, estate rules, etc; None of which applies to a property management business! If the answers are not clear, ask to speak to a compliance department agent for clarification or confirmation.

Property Manager

Forbes Business Council

JUNE 10, 2025

These capabilities are allowing attorneys to work smarter and faster, saving significant time and reducing dependency on localized knowledge. Dorna Moini, CEO of Gavel, forecasts that by the end of 2025, up to 90% of legal services will be provided through online platforms, driven by consumer demand and attorney adoption of technology.

Attorney

Yardi Breeze

DECEMBER 12, 2024

Erica Hanichak, government affairs director at the Financial Accountability and Corporate Transparency Coalition, is telling businesses they should still file their information. The bottom line : protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements.

Compliance

Bay Property Management Group

NOVEMBER 27, 2024

Awareness of these bylaws and governing documents helps provide solid references when dealing with potential legal issues. After all, documentation provides proof of the HOA’s actions and decisions, which ensures transparency and compliance with applicable laws. Here is a list of HOA violations to look out for.

Government

Buildium

OCTOBER 21, 2024

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. You’ll also need to budget for attorney fees. Review how many hours your association’s attorney typically bills each month so you can plan for those expenses accordingly.

Finance

Yardi Breeze

NOVEMBER 22, 2024

Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). Of course, youre not alone in this journey.

Compliance

Yardi Breeze

JANUARY 3, 2025

At least until that hearing is resolved, there will be no Beneficial Ownership Information (BOI) reporting requirements enforced by the federal government. To get you the best information possible, we spoke to Joe Riter, senior manager of public policy at the National Apartment Associations (NAA) Government Affairs department.

Compliance

Buildium

DECEMBER 30, 2024

Advertising to influence government legislation, however, is never deductible. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. To learn more, check out our blog post on 1031 exchanges.

Property Manager

Yardi Breeze

NOVEMBER 22, 2024

TL;DR : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCEN’s BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). Of course, you’re not alone in this journey.

Compliance

American Apartment Owners Association

DECEMBER 16, 2024

CHAT WITH AN ATTORNEY Legal Responsibilities Of Landlords And Tenants Understanding the legal responsibilities of landlords and tenants is crucial to establishing a fair and mutually respectful relationship. Checking compliance with lease terms, such as pet policies or smoking restrictions. Need Legal Help? Ask unlimited questions.

Landlord

American Apartment Owners Association

DECEMBER 9, 2024

The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations. swapping a property owned by an LLC with one owned by an individual) These pitfalls can be avoided by working with a team of experienced professionals, including real estate attorneys, tax advisors, and qualified intermediaries.

Real Estate

Esquire Property Management Group

OCTOBER 9, 2024

To qualify, tenants must furnish a written declaration affirming compliance with these parameters, along with self-attestation regarding their workforce size. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

Lease

Muldoon Associates

NOVEMBER 7, 2024

Have an attorney or a Colorado Springs property manager review your lease to ensure it complies with local laws. Fair housing, habitability standards, eviction procedures, and security deposit returns are all governed by state and federal laws. Implementing Compliance Procedures. Avoid legal missteps by: Staying Informed.

Lease Agreement

MRI Software

DECEMBER 4, 2024

Multifamily zoning governs the rules and regulations around building residential properties that include multiple housing units. Developers must navigate these rules to avoid legal or financial setbacks and to ensure compliance from the beginning. What regulations govern multifamily zoning? What does multifamily zoning entail?

Regulation

Mem Property Management

JULY 24, 2024

In this article: The Importance of an HOA Electric Car Charging Policy Understand Your Governing Documents Who Pays for Electric Car Charging Stations? As a result, these communities lack the guidance and provisions they require to govern the installation and management of charging stations. Who Pays for Electric Car Charging Stations?

Government

MRI Software

DECEMBER 4, 2023

This will help ensure compliance with legal procedures and that you are protecting the tenant’s rights. This makes it vital for property managers to familiarize themselves with the specific laws governing their area. The second reason is to grasp the requirements for eviction notices and tenant rights.

Lease Agreement

Second Nature

JANUARY 29, 2025

State laws governing property management business Each property management companys approach is very dependent on regional or state regulations. Before taking any steps to either start or change your business, you need to have a clear understanding of the local laws governing your business venture.

Property Manager

MRI Software

FEBRUARY 26, 2025

Hiring experienced professionals, such as zoning attorneys and planning consultants, can provide valuable guidance and ensure compliance with all requirements. Demonstrating the community benefits of your multifamily project is crucial for gaining public and government support. How do you demonstrate community benefit?

Applications

Real Property Management Chicago

DECEMBER 5, 2024

Keep reading to learn the nitty-gritty of fair housing regulations, common compliance problems, and ideal practices for rental property owners and managers. Other best practices to ensure compliance include: Use inclusive language in rental advertisements to steer clear of inequitable claims or preferences.

Compliance

HOA Managememt

FEBRUARY 27, 2025

Given this, HOA board members need to know and understand the different nuances of their state laws to ensure compliance. Compliance also involves implementing HOA policies that comply with these federal and state laws. The HOA had threatened to sue the closing attorney if the sale was finalized with the ramp installed.

Compliance

Rental Housing Journal

APRIL 14, 2025

These funds provide investors with substantial tax incentives while promoting economic development in designated Opportunity Zones, which are typically low-income areas selected by state governments and certified by the U.S. Consulting a qualifiedtax professional or attorney can help ensure IRS compliance and mitigate risks.

Rental Property