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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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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

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New 2025 condo and HOA laws for U.S. states

Condo Control

Florida HOAs need a website and must post records As of January 1, 2025, HB 1203 requires all HOAs that contain 100 parcels or more to maintain a website, and host digital copies of most of the association’s official records, including articles of incorporation, CC&Rs, bylaws, rules and current insurance policies. Recent U.S.

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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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How a condo/HOA attorney might navigate new Florida laws

Condo Control

They must also host digital copies of most of the associations official records, including articles of incorporation, CC&Rs, bylaws, rules, current insurance policies, the annual budget, and current certification of each director. Amendments were made in 2024, so now small condominiums with 25 or more units must also have a website.

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Community managers say these are the top issues impacting their associations

Condo Control

So, in one way or another, finances are putting a strain on condominiums and HOAs. Increased insurance premiums were by far the biggest problem. Most of the issue options presented in the survey were selected based on recent condo/HOA laws (insurance being the big outlier). 25% say lack of finances is a top concern.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

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