Mem Property Management

FEBRUARY 6, 2025

At the same time, community association boards have an important responsibility tocollect assessments, which fund essential services such as trash pickup, stormwater management, street and sidewalk maintenance and lighting, and recreational facilities.

Attorney

InveServe

JULY 9, 2025

Gross Lease (or Full-Service Lease) Here, a commercial property tenant pays one flat monthly fee, and the property owner covers most, if not all, of the building’s running costs, such as property taxes, insurance, and common area maintenance (CAM) fees. The property owner typically still manages and pays for common area maintenance.

Commercial Property

RL Property Management

JUNE 23, 2025

Showing the property, processing applications, preparing new lease documents, and managing the move-in process all take considerable effort. Clear Lease Agreements: The Foundation for Tenant Retention in Columbus A well-crafted lease agreement is more than just a legal document. Administrative Time: Your time is valuable.

Tenant

Rental Housing Journal

APRIL 22, 2025

But when a complaint is filedoften months or years down the linethey find themselves facing expensive investigations, attorney fees, staff disruptions, and sometimes public scrutiny. Investigations pull employees away from their roles for interviews, document collection, and legal prep, hurting productivity and morale.

Compliance

Hospitable

MAY 29, 2025

Find Reliable Cleaning and Maintenance Teams Before listing your vacation rental on Airbnb, ensure each room in your house is spotless by cleaning it thoroughly. Another important responsibility for STR hosts is ongoing rental property maintenance that should be performed on time to keep the property in good condition.

Airbnb

RL Property Management

JANUARY 20, 2025

For more guidance on avoiding discriminatory language, check out the Ohio Attorney Generals Fair Housing Guide. Additionally, the Ohio Attorney Generals Fair Housing Guide is an excellent resource for understanding your responsibilities as a landlord. Record-Keeping Accurate documentation is your best defense against legal disputes.

Landlord

HOA Managememt

MAY 8, 2025

Existing HOAs can opt in by amending their governing documents. Mandates disclosures to buyers about HOA membership, assessments, and governing documents. It also regulates budgeting, insurance, maintenance obligations, and voting rights. Impose late fees and interest for nonpayment, as outlined in the governing documents.

Condominium

Thanks For Visiting

MAY 9, 2025

There’s also cleaning coordination, maintenance, and financial aspects to consider. That scaling could manifest as less cleanliness, maintenance, and attention to safety needs. Be diligent in documenting progress and noting failures. Make sure the management agreement states what is required from you.

Property Management

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! Managing trust account records involves maintaining detailed and accurate documentation of all transactions.

Property Management

American Apartment Owners Association

JANUARY 22, 2025

Its essential to consult with an attorney, business consultant, or accountant in your state. File Articles of Organization: Submit this foundational document to your states Secretary of State office for example, the requirements to form an LLC in Florida include outlining basic details about your business.

Real Estate

American Apartment Owners Association

DECEMBER 16, 2024

Property Care and Maintenance : Residents are responsible for keeping the property in good condition. Promptly handling repairs and regular maintenance helps maintain the propertys value. Neglecting Essential Repairs : It is the homeowners responsibility to promptly address maintenance issues and necessary repairs.

Lease

Buildium

NOVEMBER 5, 2024

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business.

Property Management

American Apartment Owners Association

DECEMBER 9, 2024

Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Manage maintenance costs proactively. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance. Ensure legal compliance to mitigate risks.

Real Estate

Buildium

OCTOBER 21, 2024

The funds cover everyday maintenance as well as future projects and improvements, ensuring the community stays well-maintained and prepared for any upcoming needs. Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits.

Finance

Beach Front Property Management

JANUARY 15, 2025

Document Your Losses Thoroughly Begin by taking photos of the damage and listing items that were destroyed or need repairs. Note the original purchase prices for each item and collect any receipts you have to support your documentation. If the policy wording is unclear, consult a local attorney specializing in insurance law.

Insurance

American Apartment Owners Association

DECEMBER 16, 2024

Some key elements to consider include: The lease agreement This legally binding document outlines the terms and conditions of the rental agreement, including rental payment, lease duration, and any specific rules or restrictions. These elements set the foundation for a successful tenancy and protect both parties rights and obligations.

Landlord

Bay Property Management Group

NOVEMBER 27, 2024

Awareness of these bylaws and governing documents helps provide solid references when dealing with potential legal issues. That said, when board members fail to adhere to these documents, it can lead to legal disputes. Failing to Provide the Right Documentation There are several crucial documents that HOAs must have.

Government

Condo Control

JANUARY 10, 2025

Some HOAs hand off those types of maintenance responsibilities to owners, but thats not always the case. Inform the HOAs attorney All lawsuits are subject to strict filing deadlines. As a result, the board should reach out to the associations attorney as soon as the HOA is served.

Litigation

Beach Front Property Management

NOVEMBER 6, 2024

Property Care and Maintenance : Residents are responsible for keeping the property in good condition. Promptly handling repairs and regular maintenance helps maintain the property’s value. Neglecting Essential Repairs : It is the homeowner’s responsibility to promptly address maintenance issues and necessary repairs.

Lease

Real Property Management Choice

AUGUST 2, 2015

As a landlord, if you haven’t given much thought to the documents you keep—and those you discard—you risk being unable to defend your position in a dispute or pursue the tenant to collect damages in the event that becomes necessary. If you decide to keep these applications, Please be sure to store them securely. When did he or she pay?

Landlord

Condo Control

APRIL 14, 2025

Attorneys can attend if parties prefer that. Attorneys may be present, too. After listening to evidence and reviewing relevant documents, the arbitrator makes a final decision, which may be non-binding or binding, depending on what both sides have agreed to. A mediator is not a judge.

Litigation

Real Property Management Evertrust

OCTOBER 7, 2024

Underestimating the Costs of Maintenance The Mistake: Some new landlords think the rent they collect is pure profit, forgetting to budget for inevitable repairs and maintenance. The Fix: Budget for ongoing and unexpected maintenance. Preventative maintenance can also save you money in the long run.

Landlord

Real Property Management Evertrust

OCTOBER 7, 2024

Why it’s a mistake: An unclear or poorly written lease can lead to disputes over rent due dates, maintenance responsibilities, and other important issues. Include specific clauses for things like late rent payments, property maintenance, and what will trigger an eviction notice. Resolution Tip: Address issues as soon as they arise.

Tenant

Bay Property Management Group

DECEMBER 2, 2024

Main Takeaways If your home’s maintenance problem impacts your safety and health, your landlord is legally required to fix it. To be clear, tenants are on the hook for bringing any maintenance concerns to the landlord’s attention. When Aren’t Landlords Liable for Maintenance Issues? These documents could help you in a dispute.

Landlord

Beach Front Property Management

SEPTEMBER 26, 2024

It outlines details like pet policies, guest allowances, parking, and maintenance procedures. What to Include in Lease Agreement You can write an effective lease agreement without needing to consult an attorney. Every rental document needs to specify whether it’s a rental agreement or a lease in California.

Lease

Bay Property Management Group

NOVEMBER 18, 2024

For example, you can find the Consumer Guide to Tenant and Landlord Rights from the Pennsylvania Attorney General a helpful guide for those in Philadelphia and nearby. Each state typically has a similar document that you can examine in order to find specific regulations on this matter.

Lease

American Apartment Owners Association

DECEMBER 9, 2024

A good QI will help you navigate deadlines, documentation, and the specific regulations associated with 1031 exchanges. Property Condition: Make sure the replacement property is in good condition or has manageable renovation needs to avoid high maintenance costs. Final Thoughts: Is a 1031 Exchange Right for You?

Real Estate

Condo Control

NOVEMBER 11, 2024

According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Section 81-315 states that minimum contributions to reserves vary based on the Reserve Study or a statutory formula based on number of common area components. This rule is very important.

Condominium

American Apartment Owners Association

DECEMBER 2, 2024

Consider factors such as occupancy rates, maintenance costs, and potential for value-added improvements. Engage with a reputable real estate attorney to ensure all legalities are in order and that the transaction progresses without a hitch. Making an Offer: Once satisfied, make a competitive offer and initiate negotiations.

Real Estate

Condo Control

NOVEMBER 5, 2024

HOAs must ensure that roads and common areas are clear of snow and ice, but answers vary when it comes to sidewalk and driveway maintenance. Some contracts require the company to document snow removal efforts. Some communities pay more to have snow cleared from owner lots, while others expect owners to do the shoveling.

Insurance

Esquire Property Management Group

NOVEMBER 14, 2024

The fee generally covers tasks such as rent collection, coordinating maintenance, responding to tenant inquiries, and managing lease renewals. Are there typical upcharges for Maintenance and Repairs? Some property management companies add a mark-up on maintenance and repair costs, typically around 5% to 20% of the total expense.

Commercial Property Management

Esquire Property Management Group

OCTOBER 9, 2024

Landlords will need to provide “supporting documentation” for applicable costs, which must be limited to expenses related to operation, maintenance, and repair. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

Lease

Real Property Management Choice

JULY 21, 2015

.; and it is also their responsibility to pay for all expenses prior to installation and costs that may arise from damage, maintenance, repair, removal and replacement of the charging stations. It states that the city attorney can demand that a landlord evicts a tenant for unlawful possession of weapons or ammunition.

Landlord

Nest DC

OCTOBER 24, 2023

Next, line up preventative maintenance. Before your tenant moves in, be sure to collect a security deposit and thoroughly document the condition of the space. Preventive maintenance will always be more cost-effective. For unforeseen situations, set aside a portion of your rental income for maintenance and repairs.

Rent

Florida Property Management

JUNE 26, 2020

There will be a thorough inspection to document the condition of your property. Managing routine and emergency maintenance issues. Communicating with owners, tenants, vendors, and other interested parties such as insurance agents, attorneys, accountants, and other professionals. This should include: Rent collection.

Property Management

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 always, it is best for HOA boards to seek help from an attorney or their HOA management company when interpreting their rights, powers, and obligations.

Government

Florida Property Management

OCTOBER 13, 2024

Since property managers are responsible for handling various aspects of the property, from repairs and maintenance to tenant relations, they are at risk of being named in lawsuits. This document serves as proof that the management company is covered and can be kept on file for reference.

Insurance