Corporate Transparency Act
This is the main group of people that must provide some personal info to the government
What is the Board of Directors?
This is how frequently penalties can be charged to an HOA for not having the correct documents on an HOA's website
What is "daily"?
The acronym "IADU" means this
What is "Internal Accessory Dwelling Unit?"
Radon gas infiltrates buildings from this source
What is "soil"?
This new regulation is effective as of this date
What is January 1, 2024
HOAs cannot require that a landlord owner use this form with their renters
What is an HOA-created lease?
Internal Accessory Dwelling Units were added to the definition of the term "Rental _____."
What is "Lot"
A valid IADU must be within the ______ of a primary dwelling
What is "footprint"?
HOAs must complete their initial registration no later than this date
What is December 31, 2024
HOAs can require landlord owners to add this to their lease agreements
What is an addendum?
There is no longer a statutory deadline by which HOAs must adopt rules supporting this type of landscaping
What is Waterwise Landscaping?
The new laws added this document to the list of records that must be kept in the HOA's principal office
What is "reserve analysis" or "certificate of insurance"?
These are the penalties for failure to register
What is $500 per day fines, and criminal penalties up to $10k and 24 months in prison
If authority is given in an addendum to a landlord owner's lease, the HOA can take this drastic measure against a tenant who violates the HOAs governing docs
What is an eviction?
HOAs have a minimum of this many days to adopt Waterwise Landscaping rules after an Owner sends a written demand
What is 90 days?
The new law regarding notice of automatic renewals in service contracts requires vendors to provide notice that clearly and conspicuously disclosed: (i) the renewal date, (ii) total renewal costs, and (iii) ______
What is "options for cancellation?"
This is the crime the CTA is meant to prevent
What is money laundering?
These are the "accounting records" that HOAs must definitely post on their website (if you have one)
What is the most recent Balance Sheet, P&L, Budget and Income Statement?
This type of financial penalty for failing to adopt Waterwise Landscaping within the proper timeframe is usually the most expensive
What are attorney fees?
When selling Common Area, these encumbrances are automatically extinguished upon the transfer
What are "plat" and "CC&R easements"?