HB0023

2013 Regular Session

 

Entitled:

Condominiums and Homeowners Associations - Contracts for Resale - Notice of Potential Special Assessments

Sponsored by:

Delegate Beidle

Status:

In the House - Unfavorable Report by Environmental Matters


Synopsis:Providing that a contract for the resale of a unit in a condominium by a unit owner other than a developer is not enforceable unless the contract contains a specified notice and the unit owner furnishes to the purchaser specified information concerning potential special assessments; and providing that a contract for the resale of a lot in a development subject to the authority of a homeowners association is not enforceable by the vendor unless the purchaser is given a specified notice concerning potential special assessments.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Beidle
Additional Facts:Cross-filed with: SB0176
Bill File Type: Pre-Filed
Effective Date(s): October 1, 2013
Committee(s):
Environmental Matters  View Committee Hearing
Broad Subject(s):Real Property
Narrow Subject(s):Assessments
Condominiums
Contracts -see also- Land Installment Contracts; Procurement
Homeowners Associations
Notices
Real Estate -see also- Agents and Brokers
Real Property
Statutes:Article - Real Property
(11-135, 11B-106)

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October 24, 2017 12:59 P.M.