One interesting association management topic that can have a significant impact on the success of an association is membership retention. Member retention is the ability of an association to retain its members and keep them engaged over an extended period of time. It is a crucial aspect of association management as it affects the financial […]
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Association managers play a vital role in ensuring the longevity and success of communities. Whether it’s a homeowners association, a condo association, or a cooperative, association managers are responsible for managing the day-to-day operations of the community, ensuring compliance with rules and regulations, and facilitating communication between members. In this blog post, we will discuss
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Commercial leases can be complex documents, but it’s crucial for property owners to understand the importance of certain key clauses. In this post, we’ll explore some of the most significant clauses to ensure that you’re making the most beneficial choices for your leases. The governing law clause designates which state or jurisdiction’s laws will apply
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Lease-to-own, also known as rent-to-own, is a financial agreement that allows individuals to lease a product or property with the option to purchase it at the end of the lease term. This type of agreement can be beneficial for individuals who are unable to purchase a product or property outright or who want to test
The cap rate, or capitalization rate, is a metric used in real estate investing to estimate the potential return on investment for a particular property. It is calculated as the ratio of the property’s net operating income (NOI) to its market value. A cap rate is a critical tool for real estate investors because it
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