HB2645 Summary

• Purchasers of common interest community units at judicial foreclosure sales (other than mortgagees) must pay common expenses, attorneys' fees, and related charges accrued during the 12 months before the foreclosure sale or deed in lieu of foreclosure, instead of the previous 6-month period.

• Once the 12-month common expenses and related fees are paid, the purchaser has no obligation to pay any common expenses that accrued before acquiring title to the unit.

• Boards of common interest community associations and condominium master associations gain authority to impose late payment charges on unit owners' shares of common expenses and other lawfully agreed expenses.

• Similar foreclosure provisions apply to condominium units, extending the lookback period from 6 months to 12 months and clarifying that attorneys' fees levied for enforcement are included in the amounts purchasers must pay.

• Effective July 1, 2013.