Senate Bill 278 Summary

• Prohibits either spouse from seeking reimbursement from the other for expenditures made on property held as tenants by the entirety, including recurring expenses, improvements, and debt payments, during the existence of the tenancy.

• Clarifies that when a tenancy by the entirety is converted to tenancy in common through divorce or otherwise, responsibility for expenditures is allocated under the law governing tenants in common unless a court order directs otherwise.

• Requires that condominium declarations may not be recorded unless all structural components and mechanical systems are substantially completed in accordance with building design plans, as evidenced by a recorded certificate of completion from a licensed architect or registered engineer.

• Applies specified sections of the current Condominium Act (Chapter 47C) to condominiums created on or before October 1, 1986, including provisions on titles, taxation, eminent domain, and liability.

• Exempts declarations of covenants for condominiums, cooperatives, and planned communities from being extinguished under the Marketable Title Act, effective July 1, 2022.