SB 1480 Summary

• Requires subdividers to obtain written consent from all current owners or lessees before amending a public report if the material change adversely impacts reasonable expectations and was caused by the subdivider.

• Expands the department of real estate's jurisdiction to hear disputes between condominium or planned community owners and persons engaged in designing, constructing, or selling condominiums or planned community properties.

• Allows declaration amendments to apply to fewer than all units if the required voting threshold is met and all affected unit owners consent to the amendment.

• Extends the statute of limitations for challenging declaration amendment validity from one year to four years after recordation, except for amendments involving debt creation under section 12-548.

• Clarifies that declaration amendments cannot create special declarant rights, change voting/assessment bases, or restrict unit uses without unanimous consent, but may prohibit uses that threaten harm or unreasonably interfere with other properties.