H814 - Planned Community Act Changes

• Establishes mandatory contents for planned community declarations including community name, legal descriptions, lot boundaries, common elements, development rights, expense allocations, and design standards authority.

• Limits declaration amendment requirements to a maximum of 80% voter approval (reducing from unlimited percentages), and requires consistent termination of declarant control no later than 120 days after 75% of lots are conveyed to non-declarant owners or two years after declarant ceases offering lots.

• Mandates resident representation on executive boards starting at 25% of board seats after 25% of lots are conveyed to non-declarant owners, increasing to 33% at 50% lot conveyance, with prohibition on class voting by declarants.

• Creates comprehensive disclosure requirements for lot sales including declaration copies, bylaws, financial statements, reserve information, pending litigation, and architectural violation notices; purchasers may cancel within five days of receiving disclosure.

• Expands association record-keeping requirements to include detailed financial records, meeting minutes, member lists, current contracts, and design approval decisions, with access rights for owners subject to specified exceptions for personnel records, litigation matters, and attorney communications.