How do license plate readers work in condominium buildings?
Condo parking is one of the top sources of conflict in a multi-residential community. Sometimes there simply aren’t enough spots for every resident. Other times, problems arise because people don’t want to pay for parking. Instead, they look for empty spaces in guest and resident parking. Regardless of why the problems started, you want to […]
Is now the time to buy a condo in Toronto?
Toronto’s housing market has been competitive, to say the least. In 2022, the average asking price of a new condo in the Greater Toronto and Hamilton Area (GTHA) peaked at nearly $850,000! Experts believe that, after a couple of years of pandemic uncertainty, pent-up demand overflowed, sending the real estate market into overdrive. Table […]
Reserve fund requirements for Canadian condominiums and stratas
Florida has historically been considered an ideal state to purchase a winter home. Not only is it easy to get to, but condominium units were plentiful and very affordable. However, a recent law is making prospective buyers think twice about buying a condo unit in Florida. Table of contents The law (SB 4-D), […]
The ultimate guide to HOA paint colors: What you need to know
For a seemingly minor thing, paint has the potential to create a lot of conflict within an HOA community. Color is very personal, and homeowners (rightfully) have strong feelings about how their homes appear. The problem is that owners don’t have the freedom to choose their favorite colors if they live in a governed community. […]
Can HOAs restrict parking? What about vehicles?
If someone has strong feelings about HOAs, it’s usually because of the fees or the rules. Governed communities provide homeowners with numerous benefits, and homes often sell for more if they belong to an HOA. But the restrictions can create issues from time to time, which is why some people prefer not to live in […]
Is it possible to own an electric car if you live in a condo or apartment?
While we still don’t have flying cars, we do have vehicles that can operate without gasoline. Tesla EVs look and sound futuristic, and even if they can’t fly, they are working on self-driving capabilities. It’s not just Tesla that is delivering cool resource-conscious vehicles to the public. Big car companies like Ford and Volkswagen […]
Condo and strata chargebacks
Condo living has multiple benefits. The amenities make up for smaller living spaces, and residents appreciate that they never have to pick up a snow shovel or clean gutters. However, densely populated condo and strata buildings do have some drawbacks. For example, when one member ignores rules or bylaws, it can impact neighbours above, beside […]
How much can landlords raise rent in North America?
Landlord-tenant relationships are generally cordial, and some are even friendly. But, a big rent hike can create instant friction between an owner and renter. Some cities enforce rental caps so that tenants aren’t suddenly hit with a 10% increase, but even then, the laws don’t cover all buildings or units. So, just how much can […]
Technology innovations in high-rise condominiums
Condominium communities across North America are experiencing a myriad of financial challenges. The cost of everything, including insurance, water, electricity, and labor, is up by a lot. Furthermore, new legislation regarding reserve funding and energy use is adding additional pressure on U.S. condominiums. In order to keep up, boards and managers are exploring several […]
Florida HOAs can no longer enforce these rules: HB 1203
Florida HOAs have mixed emotions about House Bill 1203. Several new laws came into effect on July 1, 2024, and as a result, some HOA members living in the Sunshine State feel a little more relaxed. The objective of HB 1203 is to promote transparency and consistency across Florida homeowners associations. Some communities have very […]
Condo balconies: obligations and upkeep
Condo balconies are small but valuable pieces of real estate. Owners and tenants have been known to transform these little spaces into alfresco dining areas, tropical oases, or storage areas if the condo unit doesn’t have adequate closet space. Download our free balcony inspection notice template But balconies can also cause additional issues for condo […]
Answers to 10 common questions about POAs
If you’ve ever looked up information about a property owners association (POA), you might have seen the term being used interchangeably with HOA (homeowner association). While there are some similarities, POAs and HOAs are not the same thing. Table of contents What is a POA, anyway? A POA is an organization that governs […]
New York condos and co-ops must minimize carbon footprint to comply with Local Law 97
Modesty has never been one of New York City’s defining traits. Its bold and outgoing nature is what attracts tourists and residents alike. The iconic buildings, towering over streets and parks, are nothing short of remarkable. But, the city is asking many of these buildings, some nearly 100 years old, to change, and they haven’t […]
HOAs and golf courses
Imagine living 10 minutes away from your favorite golf course. Not only could you sleep in a little bit later if you have an early tee time, but you could probably play multiple rounds in a single day. Plus, there won’t be any debate about who will be hosting weekend get-togethers. Your friends will happily […]
California’s AB648 and AB1033 Transform HOA Meetings and Property Rights
California is buzzing with the announcement of new assembly bills AB648 – Virtual Meetings and AB1033 – Accessory Dwelling Units (ADUs) into condos, both effective January 1, 2024. This is partly because HOAs and their members in all 50 states are greatly influenced by state laws. In fact, in terms of adherence, federal and […]
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