HB 2045 Summary

• Makes grantees (buyers) of units jointly and severally liable with grantors (sellers) for unpaid assessments owed by the seller for their share of common expenses up to the time of conveyance.

• Allows grantees to recover from grantors any amounts paid toward unpaid assessments, and protects grantees from liability for assessments exceeding the amount stated in a board statement.

• Requires planned community association boards to provide statements to either party setting forth the amount of unpaid assessments against the grantor, either directly or through managing agents or resident managers.

• Excepts from liability protection only assessments related to subsequently dishonored checks received within thirty days immediately preceding the statement date.

• Applies the remedy to voluntary conveyances to address delinquent assessment debts when properties are sold without proper notification to or payment of community associations.