Friday, July 11, 2014

New Resident Manager Laws For 2014

Major Charges For 2014

From January 1 through June 30, 2013 the minimum wage for managers who reside in the apartment building premises will remain at $8.00 per hour.  Commencing July 1, 2014, that minimum wage will increase to $9.00 per hour.

Also, during the first six months of 2014, the allowable rental offset against wages owed by the reduced or free rent that is given remains at $451.89 per month for a single manager, and $668.46 per month where a couple is employed.

For the second half of 2014, those numbers will increase to approximately $508.37 and $751.79 per month. (These two numbers are my best estimates as the exact amounts had not been established as of press time.)

Further, for the first half of 2013 the maximum rent which may be charged to a manager whose residence in the apartment complex is required as a condition of employment remains at $451.89 per month for a single manager and $668.46 per month for a couple.  For the latter half of 2014, the maximum monthly rent which may be charged increases to approximately $508.37 and $751.79.

One law does not change in 2014: A resident manager is an employee, not an independent contractor, of the management company or the owner who hires him.

1 comment:

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