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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

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New Florida laws for summer 2025: Is your condo impacted?

Condo Control

Although summer is a great time for a bit of rest and relaxation, Florida condominiums have some work ahead of them. Note that this bill is directed at condominium and cooperative associations. House Bill 913 , also known as the 2025 Reform Bill, came into effect July 1. The location must be provided in the association’s bylaws.

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Regulatory compliance in condo/HOA management: Navigating evolving laws

Condo Control

A good example is the set of laws passed by the state of Florida following the Surfside condominium collapse. State/provincial laws and Acts come next, followed by governing documents. If the new law pertains to records, you can rest assured that your documents are safe and accessible when a software like Condo Control is involved.

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California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

Key Laws: SB 567 (Just Cause Eviction Expansion) Tightens the just-cause eviction standards, requiring landlords to provide stronger reasons and additional documentation. SB 326 (HOA Exemptions & Separate Condo Rules) Condominiums managed by HOAs follow a different inspection process but must comply with SB 326.

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HOA Collection Laws In The U.S. (50 States) For Fair Debt Collection

HOA Managememt

Most debt collection practices are governed by state law, and your specific homeowner’s associations governing documents tackle the process. Many HOAs have already meticulously outlined the process in their governing documents. Michigan HOA collection laws in Michigan primarily include the Michigan Condominium Act (MCL 559.208).

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Is being ethical part of a board member’s responsibilities?

Condo Control

Encouraging ethical behavior in your community Promoting ethical behavior within a condominium or HOA requires a strong commitment from board members to uphold ethical standards. A formal written document serves as a reference point for all board members, ensuring they are aligned with the communitys values and expectations.

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Is now the time to buy a condo in Toronto?

Condo Control

But, making such a large purchase always comes with risks that need to be evaluated. The price is right It’s still a stretch to say that Toronto condominiums are affordable, but prices are certainly more reasonable now than they were 3 years ago. Q1 2025 condominium sales amounted to 3,794 in the GTA, down 21.7%