Condominium Finance Government 
Condo Control
FEBRUARY 5, 2025
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.
Condo Control
JUNE 17, 2025
But to achieve that goal, the law could target anything from finances to accessibility standards to record distribution. 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.
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Condo Control
MAY 23, 2025
Fiduciary relationships are governed by the statutory standards that require directors to exercise due care and undivided loyalty for the interests of the community. Transparency Transparency involves openly sharing information about activities, finances, and decisions. This requires board members to handle certain records with care.
Condo Control
MAY 28, 2025
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%
Condo Control
NOVEMBER 21, 2024
Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. Amendments were made in 2024, requiring condominiums with 25 or more units to have a website. HB 1203 makes it clear that HOAs need a website, just like condominium communities.
Condo Control
FEBRUARY 14, 2025
Densely populated high rise condominiums have always been budget conscious. Reduce administrative costs Administrative costs are any expenses incurred to maintain day-to-day operations of the condominium. With so many expenses, its not hard to overspend and exceed the annual budget. But this year is different.
Condo Control
NOVEMBER 12, 2024
The Corporate Transparency Act (CTA) aims to help detect and combat money laundering and terrorist finance, facilitate tracking money that has been sourced through criminal or terrorist activity, and safeguard national security and the U.S. The federal government appealed the decision​​​ on March 11. financial system.
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