Introduced
by
To require a developer to get prior consent from co-owners and others having an interest in the project before removing any unbuilt unit from a condominium development plan designated as “must be built.” It would address details of how common expenses are to be assessed, specify that certain voting rights only apply to first mortgage holders, and expand disclosure requirements for an owner who wishes to rent out a unit.
Referred to the Committee on Commerce
Substitute offered
by
To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 98 to 0 (details)
To require a developer to get prior consent from co-owners and others having an interest in the project before removing any unbuilt unit from a condominium development plan designated as “must be built.” It would address details of how common expenses are to be assessed, specify that certain voting rights only apply to first mortgage holders, and expand disclosure requirements for an owner who wishes to rent out a unit.
Amendment offered
To replace the previous version of the bill with a version recommended by the committee which reported it, amended to clarify that the bill applies to new condo projects only, not existing ones.
The amendment passed by voice vote
Passed in the Senate 37 to 0 (details)
To require a developer to get prior consent from co-owners and others having an interest in the project before removing any unbuilt unit from a condominium development plan designated as “must be built.” It would address details of how common expenses are to be assessed, specify that certain voting rights only apply to first mortgage holders, and expand disclosure requirements for an owner who wishes to rent out a unit. The bill applies to new condo projects only, not existing ones.
Passed in the House 104 to 0 (details)
To concur with the Senate-passed version of the bill.
Substitute offered
by
To replace the previous version of the bill with one that clarifies the statute of limitations on lawsuits by condo owners.
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
To require a developer to get prior consent from co-owners and others having an interest in the project before removing any unbuilt unit from a condominium development plan designated as “must be built.” It would address details of how common expenses are to be assessed, specify that certain voting rights only apply to first mortgage holders, and expand disclosure requirements for an owner who wishes to rent out a unit. The bill applies to new condo projects only, not existing ones. The Senate had requested the return of the bill to insert provision that clarifies the statute of limitations on lawsuits by condo owners.
Passed in the House 106 to 0 (details)
To concur with the Senate-passed version of the bill.
