SB 1402 Summary

• Prohibits municipalities and counties from requiring subdividers or developers to establish homeowners' associations for single-family residential developments that do not include commonly-owned property.

• Allows single-family residential developments without common property to be included in improvement districts only for limited purposes: owning, operating, and maintaining detention/retention basins, landscaping, open spaces, parks, entryways, streets, and recreational facilities.

• Permits municipalities and counties to require associations only for developments with actual common areas or community-owned improvements that are part of recorded plats or specific plans.

• Increases the property owner signature requirement for dissolving an improvement district from 50 percent to 75 percent and allows districts to finance capital improvements for periods agreed upon by property owners.

• Exempts condominiums and timeshare plans from these requirements and prohibits subdividers or developers from being penalized for not creating planned communities.