Audit Now Glossary Center
Property Compliance Management
Ensuring adherence to legal and regulatory requirements
Definition
Property Compliance Management involves monitoring and maintaining adherence to local, state, and federal regulations governing property leasing, including building codes, fair housing laws, and safety requirements.
Significance
Compliance management is essential for avoiding legal issues, maintaining property certifications, and ensuring the safety and wellbeing of tenants.
Relevance to Property Management
Maintaining compliance protects property owners from liability while ensuring properties remain legally operational and attractive to quality tenants.
Best Practices
- Regular review of changing laws and regulations
- Maintain updated certificates of occupancy
- Schedule routine safety inspections
- Document all compliance-related activities
- Provide staff training on compliance requirements
Application in Various Settings
Compliance requirements vary by jurisdiction and property type, from residential fair housing requirements to commercial zoning regulations.
Glossary Terms
Audit Now Glossary Center