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MD HB295
Bill
Status
3/6/2025
Primary Sponsor
Marvin Holmes
Click for details
AI Summary
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Unit owners and lot owners must be given an opportunity to comment during each meeting of the board of directors, and at least one meeting per year must have an open agenda where owners can provide comments
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Condominium developers must appoint at least one non-affiliated unit owner to the board of directors within 30 days after 25% of units are sold; if no board exists, the developer must establish one and make this appointment
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Homeowners association declarants (in developments with more than 12 lots) must similarly appoint at least one non-affiliated lot owner to the board within 30 days after 25% of lots are sold
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Developers and declarants must notify board members by first-class mail about any bonds provided to governmental units, and must provide at least 30 days' notice before requesting release from such bonds
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Condominiums and homeowners associations must maintain books and records beginning from establishment, kept separate from developer records and available for owner inspection within 15 business days of a request
Legislative Description
Real Property - Condominiums and Homeowners Associations - Governing Bodies and Annual Meetings
Records
Last Action
Hearing 3/26 at 1:00 p.m.
3/19/2025