Maryland Condo and HOA Resale Disclosure Law Revised

New resale disclosure requirements for Maryland condominiums and homeowner associations apply beginning October 1, 2016. Condos will now be required to provide prospective purchasers with the current reserve study report or a summary of the report, and a statement of the status and amount of any reserve or replacement fund. There are also changes regarding disclosure of unsatisfied judgments against the condominium and pending lawsuits to which the condominium is a party.   Read the article………….


Related Articles

Bill would prevent HOAs from barring Nevada flag

Lawmakers are considering a bill that would prevent homeowners associations from barring the Nevada state flag.  Republican Assemblyman Lynn Stewart

Florida Bar committee asks for opinion on community associations

The Florida Bar’s committee on the unlicensed practice of law approved a request Thursday for an advisory opinion on whether

Burden of proof on homeowner in proposed Colorado Springs (CO) construction defects ordinance

Construction would have to be doubly defective before Colorado Springs condominium owners could sue under a city ordinance proposed Monday.