New law sets fee limits on condo resale documents (MD)

In the 2016 session of the Maryland General Assembly, legislation under House Bill 1192 was passed that alters the contents of required disclosures, authorizes additional fees, and sets limits on fees that may be charged to a seller by a condominium council of unit owners for providing resale documents.  Owners of a condominium unit or a unit in a homeowners association (HOA) should be aware that this legislation set a maximum amount that can be charged by the condo association, HOA, or any authorized agent of either.      Read the article……………


Related Articles

Last Call for Opt-Out: Summary of Condominium Sprinkler Retrofit Requirements and Opt-Out Provisions (FL)

The deadline for opting-out of the Condominium Sprinkler Retrofitting Requirements is December 31, 2016. The following is a general summary

What Do Condo Fees Cover? A Lot More Than You Think

If you’ve ever looked into buying a condo, you’ve noted that, in addition to your monthly mortgage payment and property

Why are HOA Assessments So Important?

Most homeowners understand that assessments are a regular part of homeowners association membership. However, some owners—and even board members—may not