Maryland HB956 mandates a study on condominium buildings over 40 years old, focusing on unit counts, owner demographics, and reserve fund status.
Maryland HB956 requires the Department of Housing and Community Development to study buildings older than 40 years that contain condominiums. The study will determine the number of such buildings and units, the age and income of unit owners, and the status of reserve funds. The findings must be reported to the General Assembly by December 1, 2026, and the act will expire on June 30, 2027, without further legislative action.
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- Legal Framework
- Critical Issues
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