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MD HB1133
Bill
Status
Introduced
2/5/2025
Primary Sponsor
Samuel Rosenberg
Click for details
AI Summary
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Governing bodies of cooperative housing corporations, condominiums, and homeowners associations may revise completed reserve studies at the end of each calendar year to reflect changes made to common elements during that year
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Annual revisions are optional and supplement the existing requirement for full updated reserve studies every 5 years
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Applies to all three types of common ownership communities in Maryland: cooperative housing corporations, condominiums, and homeowners associations
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Effective date: October 1, 2025
Legislative Description
Common Ownership Communities - Reserve Studies - Annual Revisions
Real Property
Last Action
Withdrawn by Sponsor
3/3/2025
Committee Referrals
Environment and Transportation2/5/2025
Full Bill Text
No bill text available