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CT HB05152
Bill
Status
2/15/2024
Primary Sponsor
Housing Committee
Click for details
AI Summary
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Common interest ownership communities (HOAs, condos, etc.) are prohibited from restricting rental units to less than 50% of total units in the community
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Any rental restriction rules must be recorded on town land records and indexed under the association's name to be enforceable
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The bill removes the previous standard that rental restrictions had to be "reasonably designed to meet underwriting requirements of institutional lenders"
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Executive boards must provide unit owners at least 10 days notice before adopting, amending, or repealing any rule, including the proposed text and action date
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Effective date: October 1, 2024
Legislative Description
An Act Concerning Renters In Common Interest Ownership Communities.
Last Action
Public Hearing 02/20
2/16/2024