SB337 Summary

• Amends Alabama's Uniform Condominium Act (Chapter 35-8A) to clarify and expand the rights of both developers and unit owners in condominium associations

• Modifies procedural requirements for condominium creation, management, and termination, including declaration filing, budget ratification, and board election timelines

• Specifies developer rights regarding development activities, sales offices, and control periods, while defining unit owner rights regarding property maintenance and use restrictions

• Updates disclosure requirements for condominium offerings and resale certificates, including financial information, insurance coverage, and assessment details

• Becomes effective January 1, 2019