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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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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Delays in compliance could lead to legal actions from homeowners, insurance complications, and costly emergency repairs. How DrBalcony Can Help DrBalcony is at the forefront of Californias balcony and deck inspection industry.

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Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

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Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

They created a task force “comprising attorneys, reserve specialists, engineers, insurance providers, managers, and bankers, to determine what issues are the most prevalent in failing physical components, and—especially—how associations can prepare themselves to address and resolve these issues when they inevitably arise.”

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HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

As an added requirement, you can stipulate that the plan must have been designed by a licensed and insured contractor. High-rises, in particular, encounter engineering troubles because their infrastructure may not be strong enough. After you have reviewed their application, the installation process may begin.