HB 2700 Summary

• Amends amendment procedures for condominium declarations and bylaws to require approval by more than 50% of unit owners instead of 67%, except amendments changing age restrictions or short-term rental provisions require 67% approval.

• Allows amendments to condominium declarations and bylaws to be approved by unanimous board of directors vote as an alternative approval method.

• Modifies planned community declaration and bylaw amendment requirements to allow majority owner approval (with same exceptions for age restrictions and short-term rentals requiring 67% approval) and permits board unanimous vote approval as alternative.

• Requires at least one board member serve on design review and architectural committees in planned communities and establishes procedures for security deposits on new construction projects, including final approval meetings, on-site reviews, and deposit release timelines.

• Clarifies that architectural approval of construction plans cannot unreasonably be withheld and does not constitute a representation that construction complies with governmental or engineering standards.