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Regulatory compliance in condo/HOA management: Navigating evolving laws

Condo Control

Consequences of non-compliance How to keep up with evolving laws What do condo and HOA laws aim to achieve? State/provincial laws and Acts come next, followed by governing documents. Some states and provinces like Florida, California, Michigan, Ontario and Alberta have extensive laws for governed communities to follow.

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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. This is also the perfect time to discuss the board’s approach to compliance and enforcement.

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

If your association hasnt yet completed inspections, you are now out of compliance, potentially exposing yourself to serious liability and fines. Delays in compliance could lead to legal actions from homeowners, insurance complications, and costly emergency repairs. Understanding SB326 and SB721: What Are They?

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Co-ops vs. Condos Explained: Pros, Cons, and Key Differences

Bay Property Management Group

They fund the common areas’, shared utilities’, building insurance’s, and amenities’ maintenance. Legally, corporate law, as well as and the co-op’s proprietary lease and bylaws, govern co-op ownership. You’ll also have to follow homeowner association (HOA) rules and pay HOA fees.

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Washington State Rent Control: What Multifamily Property Owners and Investors Need to Know Now

Rental Housing Journal

Units that are already restricted by government affordable-housing programs. Operating expenses: Understand that while rents are capped under HB 1217, expenses such as insurance, utilities, and property taxes are not regulated and can vary over time. Owner-occupied properties with four or fewer units.

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Property Management Expansion: Strategies for Successfully Entering New Markets

Zeevou

Finally, familiarise yourself with local laws and regulations governing short-term rentals. Ensuring compliance with these rules is crucial for a successful property management expansion, helping you avoid legal issues and maximise profitability.

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10 ways to navigate short-term rental regulations in the US and UK

Rentals United

Short-term rentals (STRs) continue to gain popularity across global markets — and so do the regulations that govern them. Managing properties across different jurisdictions means navigating a patchwork of compliance requirements. To ensure compliance, investigate zoning rules for your rental properties by address.