If homeowners are having difficulty removing a board member from their homeowners association (HOA), they may want to consider seeking professional legal assistance. Legal counsel can help homeowners navigate the often complex process of removing an HOA board member. We have a team of experienced professionals who can help you every step of the way,…
If a prospective homeowner is looking at properties within an HOA it is worth doing a cost-benefit analysis to see if the relative inconvenience of purchasing a home and living within an HOA-governed area is worth the additional value of the property. On the whole, properties within an HOA are worth more than their counterparts…
How do investors minimize their rental property liabilities to ensure a higher return on their real estate investments? As investments in the capital markets are expected to yield lower returns in coming years, many investors are turning to real estate, and in particular single-family or multi-family rental properties, to create growth in their investment portfolio….
Homeowners Association (HOA) open meetings can be held in open sessions where all members can attend. Alternatively, HOA meetings can also be held in closed, private sessions that are not announced to the community of members. Deciding which topics warrant discussion in a closed session or open session must be done with care. HOA or…
A legal framework supporting electronic voting by homeowners associations (HOAs) and condominium owners associations (COAs) has existed in Florida since 2015. However, it was during the two years following the pandemic of 2020 that the use of electronic voting by associations went into overdrive. Now that the use of secure Internet-based platforms to gather and…
Commercial real estate transactions involve properties that are used for business purposes such as office buildings, hotels, warehouses and vacant land. Buying and selling commercial property involves a more complex closing procedure with a longer list of to-do items than that found in residential property closings. Due Diligence Commercial real estate transactions require in-depth financial…
Some 20% of the US population lives in communities governed by condo owners associations (COAs), cooperatives or homeowners associations (HOAs). While there are certainly advantages to living under an association (such as enjoying higher property values compared to surrounding non-association communities), conflicts between residents and association boards are commonplace. Indeed, the Coalition for Community Housing…
Homeowners Associations (HOAs) and Condo Associations (COAs) have been given broad legal authority to create and enforce rules within their communities. Associations are permitted to restrict, control and regulate the activities of their members all with the ultimate goal of increasing the market values of the properties they govern. Although the powers of associations are…
What does a closing attorney do? Closing attorneys draft, review and organize documents in support of the sale or purchase of a property. They work with their clients to achieve optimal results in terms of timing, costs and risk. In addition to being involved with the process leading up to the day a property changes…
Moving into a homeowners association (HOA) or condo owners association (COA) comes with the necessity to pay assessments and fees. While most home and condo owners pay these assessments when they are due, inevitably, some are not willing or able to do so on time and must be referred to collections. Since assessments are associations’…
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