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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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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. Some states and provinces like Florida, California, Michigan, Ontario and Alberta have extensive laws for governed communities to follow.

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

Bay Property Management Group

In the meantime, a condominium (condo), tends to be closer to what most people think about when they imagine real estate ownership. They fund the common areas’, shared utilities’, building insurance’s, and amenities’ maintenance. In that way, you are expected to help co-operate the property. What is a Condo?

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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. SB721 Deadline: January 1, 2026 Targets multifamily buildings with 3+ units not governed by an HOA.

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Florida Short-Term Rental Laws 2025: What Property Managers Need to Know

Avantio

Local governments, especially in coastal areas like Miami Beach and Fort Lauderdale , are pushing back. 509.032(7)(b)) prevents local governments from prohibiting or regulating the duration/frequency of short-term rentals, unless the ordinance was in place before June 1, 2011. So What’s the Problem? Preemption Clause (F.S.

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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 Does Balcony Inspection SB326 Mean for HOAs and Community Boards?

American Apartment Owners Association

Passed into law in 2019, this legislation directly addresses the structural integrity of elevated exterior elements—most commonly balconies, decks, walkways, and stairways—used by multiple families in condominium buildings. SB326 applies specifically to: Condominium projects governed by a homeowners association.