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HOA Transition Checklist: Onboarding The New HOA Board

HOA Managememt

Finally, the new board members must have access to the HOA’s insurance policies. The same goes for the governing documents, including the CC&Rs, bylaws, and operating rules. The incoming board should also receive the contact information of the association attorney.

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Can The HOA Board Tow My Car?

HOA Managememt

Most HOAs have rules about parking and vehicle storage written into their governing documents. The specific process depends on state laws and what’s written in the community’s governing documents. If your HOA uses a third-party towing company, ensure the vendor is licensed, insured, and familiar with your state’s requirements.

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Complete Guide to Commercial Property Leases in San Gabriel Valley, CA

InveServe

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 still handles insurance and CAM.

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Financing Your Colorado Springs Investment Property: Options and Strategies

Muldoon Associates

We can offer ideas that range from conventional mortgages to government-backed loans. Avoiding Mortgage Insurance with a Larger Down Payment If you put down at least 20% of the property’s value, you typically won’t have to pay for private mortgage insurance (PMI).

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Alabama HOA Laws: A Guide to Homeowners’ Rights and HOA Powers

HOA Managememt

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.

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What you didn’t know about property management trust accounting

Buildium

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!

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Distressed Property: What It Is And How To Invest

Bay Property Management Group

Tax Liens or Sales: Local governments may sell properties with unpaid taxes to recover the owed amount, often through tax lien auctions or tax deed sales. Work with your teamyour real estate agent, attorney, or title companyto handle the paperwork and wrap up the transaction.

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