H.B. 534 Summary

• Amends Ohio's Condominium Law and Planned Community Law by modifying sections 5302.30, 5311.01, 5311.08, 5311.081, 5311.09, 5311.091, 5311.16, 5311.18, and 5311.22, and enacting new sections 5311.082, 5311.083, 5311.29, 5311.30, 5311.31, 5311.32, and 5311.33 of the Revised Code.

• Requires unit owners associations to register with the Division of Real Estate and Professional Licensing, with registration fees not exceeding $3 per unit, and establishes annual renewal requirements effective 120 days after bill passage.

• Expands disclosure requirements for residential property transfers subject to Chapter 5311 or 5312 to include condominium and planned community information such as association declarations, bylaws, financial statements, and special financing availability.

• Establishes a superintendent-led complaint and mediation process for disputes between unit owners and associations, with authority to investigate alleged violations, conduct audits, and refer cases to prosecuting attorneys.

• Enhances board meeting transparency requirements by mandating open meetings with unit owner participation opportunity, advance notice posting, and provisions for electronic attendance and voting.