Massachusetts S980 amends condominium laws to enhance transparency and efficiency in condominium management.
Massachusetts S980 introduces several amendments to enhance the rights and protections of condominium owners. It mandates reserve fund studies and reserve fund studies to be conducted every ten years by a registered engineer or architect, ensuring they are based on current replacement costs and updated every two years. The bill also allows for electronic meetings and voting, provided a quorum is present, and requires governing bodies to maintain accurate minutes of all meetings, including executive sessions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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