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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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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. can be used to host board and membership meetings.

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

Bay Property Management Group

As Philadelphia property management , we can tell you that a co-operative, or co-op, is a home in a corporation-owned building. In the meantime, a condominium (condo), tends to be closer to what most people think about when they imagine real estate ownership. What is a Co-op? What is a Condo? So, that’s how they differ.

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

Beach Front Property Management

Lower security deposit limits create a more accessible rental market, encouraging resident stability while requiring property owners to manage financial risks effectively. 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

No specific federal law governs collection practices specifically for HOA communities. Most debt collection practices are governed by state law, and your specific homeowner’s associations governing documents tackle the process. In a nutshell, this law governs how these agencies should collect debt and unpaid dues.

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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. Key Deadlines: SB326 Deadline: January 1, 2025 Applies to all multifamily residential buildings (3+ units) governed by an HOA. Their goal is simple: to ensure that these structures remain safe and sound for residents.