Proposed NC Law Changing Declaration Amendments Would Harm Associations and Owners

/ Owner - April 27, 2023

SB 552 and HB 551 are mainly focused on landlord-tenant issues, but both include a provision that any declaration amendments made by an HOA or condo association would “only affect lot owners whose lots are conveyed or transferred after the amendment takes effect.” Such an outcome impacting ALL declaration amendments would have disastrous consequences on many associations.   Read the article………………………..

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