Legislation
- Title
- Condominiums - Transfer of Control - Common Element Reserves
- Sponsored by
- Delegate Cullison
- Status
- In the House - Hearing 2/27 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Requiring, on the transfer of control of a condominium, the documents turned over by the developer to the council of unit owners to include any reserve account records and a certain report describing the reserves required for major repairs and replacement of the common elements; and requiring, for a condominium created by the conversion of residential rental property, the developer to turn over a reserve account containing certain funds.
Committees
Details
Bill File Type: Regular
Effective Date(s): October 1, 2018
History
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11-132 )
Last Updated: 2/3/2020 2:31 PM