Lillian A. Ser’s Post

It may be a great time to purchase that home that’s governed by a homeowners association (HOA). Effective July 1st, HOAs are required by law to provide all members and future members with either a physical or digital version of the association's rules and covenants. Here are some other important provisions of HB1203, or the “Homeowners Bill of Rights” as it is being called: HOAs cannot ban reasonable parking. Fines for leaving garbage cans out on trash day are prohibited. HOAs cannot create rules for the inside of structures or backyards if they can't be seen from the street, neighboring property, or common areas. Prohibitions against gardens or clotheslines that are not visible from the street or neighboring properties are not allowed. The law requires more general transparency and accessibility from HOA officers and management companies. Before you make that purchase, however, be sure to reach out to us at 305-222-7282 or [email protected] to make sure your transaction goes as smoothly as possible. Ser & Associates A Business Approach to Legal Services

Overage agreements are commonly used in #property transactions, where #land and #sites are sold with the potential for #development. Problems can arise if #OverageAgreements are not properly prepared or fully understood by either party. In this article, Mithun Rabheru, Residential Development Partner, covers some of the key questions people have surrounding overage agreement #disputes, what problems can arise and how they can be resolved. #ResidentialDevelopment #IBBRealEstate #IBBLaw

If you are a #BusinessOwner, you will occasionally need to make repairs to keep your business and property safe and hazard-free. 🛠️ While it may seem tempting and less expensive to do a DIY project or hire an unlicensed contractor for these repairs, these shortcuts are not worth the cost in the long run. In our latest loss control article, explore some of the many reasons why only a licensed and insured contractor should complete your projects: https://lnkd.in/eRWjU85d.

HERE IS HOW I WOULD RESOLVE THIS PROBLEM As a layperson, I advocate for resolving disputes in the least adversarial way possible. That is why I studied mediation in law school. I also took a separate year-long series of courses after law school to become certified as a family and business mediator. In this situation, we have elderly people who have limited funds. They live in a building where locks on doors are allegedly in disrepair. Consequently, there are people who do not reside in the building who enter the building and have sex and engage in illegal activity. As I mentioned previously, the tenants in this case need to be careful when suing the landlord. Doing so can create an adversarial outcome that can be counterproductive for the tenants. I suggest mediation. The objective of mediation is to reach a resolution acceptable to both the tenants and the landlord. One possible solution would be to have the landlord put up cameras that a security company could monitor. Then, when trespassing or illegal activity occurs, the police will be notified and come on-site. Regarding the broken locks, the building owner could assign a maintenance person who can do minor repairs to help keep the building in proper repair. This person's rent could then be discounted for his or her work. These are some solutions that can keep the landlord's expenses low, keep the rent under control for the tenants, and make everyone happy. Peace Ronnie

Any individual that purchases a property is given a bundle of HOA legal rights. These rights include: The Right of Possession: A person who holds the title of the property is the legal owner.   The Right of Control: A homeowner has the right to use their property as they please — as long as it is legal. In an HOA, though, homeowners must still abide by community rules and regulations.   The Right of Exclusion: A property owner can limit who enters their home, unless there is a warrant or court order. There are also easements for utility workers who need to access the property.   The Right of Enjoyment: A homeowner has the right to participate in any activity they deem pleasurable, as long as it is legal.   The Right of Disposition: A homeowner can transfer ownership of their property to another person. However, if there is a lien on the property, the new owner will have to pay it off.

[Protecting Client's Money] Showing home is only 5% of my work. Most of the time, I am dedicated to protect your money. Because, owning property is more complicated than buying groceries from the store. You need a professional who actually can protect your rights and money. Here are what I do. - Finding valid legal documents and updated critical documents of the property. - Validating whether the seller's claim is matching with legal documents. - Evaluating risks whether the suggested transaction method of the seller is reliable and protecting the rights of my client. - Making back doors on the contract so my client can walk away from the transaction without any penalties whenever it's needed. - Researching the market based on the subdivision and Zip Code. Finding a valuable property that fits to the requirement of my client. - Mediating people related to the transaction, usually 6~10 parties are involved in a single transaction. - Handling contingencies to the direction that benefits my client. ---- I am controlling these 'UGLY' parts in the back stage, so my client doesn't have to worry, rather fully enjoy the home owning process. It's always important to find a realtor who will actually work for you when you meet a financial risk or a turbulent challenge to your legal rights. You can trust me, I am a savvy Realtor.

Real Estate Dictionary 🏢 Collector’s Land Collector’s Land, also known as government land, is a crucial aspect of real estate. It refers to land owned by the Government and falls under the control of the revenue department. This land is often leased out to developers and individuals for development purposes. Key Points: Ownership and Control: Collector’s Land is owned by the City Collector, who oversees its administration. The State Government leases these plots to various parties under specific terms and conditions. Permission for Development: If you intend to construct or sell properties on Collector’s Land, you must seek prior permission from the Collector. The Collector grants permission upon payment of a premium, ensuring compliance with legal requirements. Case Law: The State of Maharashtra & Ors. v. Mr. Aspi Chinoy and Anr. (2022): In this landmark judgment, the Supreme Court settled the question of whether consent from the Collector was necessary for transferring flats on lands given by the State Government to developers for construction. The Court held that the consent of the Collector was not required for such transfers, providing clarity on this issue. Understanding the legal nuances of Collector’s Land is essential for developers, property buyers, and investors. As the real estate landscape evolves, staying informed about legal requirements ensures smooth transactions and compliance with regulations.

#OverageClauses provide comfort to the #seller that they may still benefit if the #land becomes more valuable in the future whilst allowing the buyer to purchase the land at its current value, rather than a higher price based on a possible future increase in value that may never be realised.   In previous articles, we've discussed what an #OverageAgreement is and problems that can arise. In this article, Mithun Rabheru, Residential Development Partner, outlines how overage clauses work, why you might want them removed and how this can be done.   #Property #Development #ResidentialDevelopment #IBBRealEstate #IBBLaw

I ask all homeowners to share my page any builders that agree share , I am happy to help promote any business that had the same ethics as me. . . . #share #aşk #homeowners #builders #smallbusiness #supportsmallbusiness #allfriends #bestoftheday #amazing #commentbelow #trending #minorityownedbusiness #ukbusiness #smallbusinessshoutout

Dear Valued Clients, In 2024, let's make informed choices in real estate to avoid costly mistakes. Don't find yourself saying, "LET'S GO TO COURT" after a disappointing property purchase. To steer clear of legal pitfalls, follow these key tips: 1. **Research Thoroughly:** Dive into the details of the property you're eyeing. 2. **Check Legal Status:** Ensure the property is legally sound by verifying its status. 3. **Legal Assistance:** Don't hesitate to seek professional legal advice before making any commitments. 4. **Property Inspection:** Physically inspect the property to uncover any potential issues. 5. **Stay Informed:** Keep abreast of property regulations to make wise decisions. At Realtorhomms, we're dedicated to making your real estate journey smooth. Reach out for expert guidance and ensure your investment aligns with legal standards. Make 2024 a year of smart real estate choices. Best Regards, Realtorhomms brokerage firm