Loading chat...
MO HB801
Bill
Status
3/9/2011
Primary Sponsor
Michael Corcoran
Click for details
AI Summary
HB 801 Summary
-
Enacts the "Uniform Planned Community Act" (sections 445.151-445.420) effective for planned communities created after August 28, 2011, establishing comprehensive rules for creation, operation, and termination of planned communities in Missouri.
-
Requires planned communities to have a unit owners' association organized as a corporation that manages common elements, collects assessments, maintains insurance, and handles governance through an elected executive board.
-
Establishes declarant rights and obligations including responsibility for common expenses and development rights, with mandatory transition of control to unit owners based on conveyance milestones (75% or 2 years after sales cease).
-
Mandates disclosure requirements including original sale certificates for initial purchases and resale certificates for subsequent sales, detailing budgets, assessments, restrictions, insurance, and warranties.
-
Grants unit owners rights including separate property taxation, easement access to common elements, and creates an association lien on units for unpaid assessments with priority over most other liens except first mortgages and tax liens.
Legislative Description
Establishes the Uniform Planned Community Act which specifies the requirements for creating, governing, managing, and terminating planned community developments
Last Action
Withdrawn (H)
3/15/2011