FHA certification and leasing has long been a thorn in condominium communities’ sides. Therefore, it’s important to remember what types of leasing restrictions are acceptable for purposes of FHA certification and what types of restrictions are not acceptable. To summarize, condominium declarations and rules may: Require owners to have written leases and supplyGo to Resource
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Business owners often attempt to categorize workers as independent contractors rather than employees. Many employers improperly assume that simply labeling a worker as an independent contractor will suffice. That is an extremely risky assumption. Incorrect designations can result in significant financial consequences to the employer. Administrative agencies and courts will look at theGo to Resource
With the changes that occurred in seeking FHA certification several years ago, many condominium associations decided it was easier to stop seeking certification and let buyers find other types of mortgages to finance the purchase of units within the condominium community. Well, real estate professionals are pushing back. A recent Washington Post article,Go to Resource
With reality TV continuing to serve up “must-see” programs and cable networks expanding daily, many owners and associations may consider having filming in their community. If you do, a recent CAI article entitled “Lights. Camera. Action!” is a must read. In this article, the author, Pamela Babcock reviews the agreements that are necessaryGo to Resource
You may think that drones are only used by the federal government but think again. Drones are defined as any unmanned aerial vehicle, and privately operated drones are becoming more common and are readily available on the market for a small price ($49-$499). A promoter of personal use drones has declared 2014 theGo to Resource