What the new Fannie Mae and Freddie Mac condo rules mean for buyers and boards

Homeowners' Association (HOA) living has become increasingly popular in recent years. It offers numerous benefits, including well-maintained common areas, enhanced property values, and a sense of community.

When a property transitions from developer control, it typically means that the developer, who initially owned and managed the property, is transferring ownership or control of the property to another entity, such as a homeowners association (HOA), property management company, or individual property owners. The specific process and outcomes of this transition can vary depending on the type of property, its purpose, and the governing documents in place.

Becoming a board member is a great way to engage with your neighbors and create positive changes in your community. But sometimes, new volunteers have little to no experience and must learn the community's rules, the board’s responsibilities and the demands of their roles as they go

Creating and executing a comprehensive building maintenance plan for your high-rise community should be a top priority for your board and property management company.

The most wonderful time of the year? Or is it? When your calendar is packed with events, parties, charity drives, decorating and more, your property management team can help with some of the holiday tasks in your community.

Homeowners' associations (HOAs) play a crucial role in maintaining and enhancing the quality of life within a community. One of the pivotal positions within an HOA is that of a board member. Serving on an HOA board comes with responsibilities, challenges, and opportunities to make a positive impact in the community.

When it comes to residential living in luxury communities, homeowners are looking for properties to push the envelope regarding innovation, luxury, and convenience. This is evident in metropolitan high-rise properties catering to an affluent demographic through unique amenities and elevated service offerings.

Learning from other board members’ experiences is a great way to avoid making some of the more common mistakes. Here, we discuss four of the common mistakes that board members make and offer recommendations for handling the issues differently.

A master homeowners association is an entity that governs a community comprised of multiple sub-associations, such as condominiums, townhomes, or gated communities.

Serving as a homeowner association (HOA) board president is an honor, a privilege, and an experience that many across North America take great satisfaction in. But before you make the leap from resident to board member, it’s essential to understand exactly the duties of an HOA president.

As more people move into homeowner associations, there is growing interest in the number and variety of community amenity offerings, especially in luxury communities, where white glove services and lifestyle programming are at the heart of their residents’ lifestyles.

Maintaining your buildings’ assets is not a one-size-fits-all proposition. The common areas require a broad range of routine maintenance and repairs to keep them looking good and operating smoothly.