Modifies rights and duties of common interest communities, unit owner rights, and governing body practices.

The bill amends Minnesota Statutes to modify the rights and duties of common interest communities, including condominiums, cooperatives, and planned communities. It modifies the rights of unit owners, establishes a meet and confer process for resolving disputes, and changes notice requirements for meetings. Additionally, it prohibits certain governing bodies from requiring or incentivizing the creation of homeowners associations. The changes include provisions for assessment liens, replacement reserves, and the handling of fines and late fees. Effective January 1, 2026.

Modifies rights and duties of common interest communities, unit owner rights, and governing body practices.

The bill amends Minnesota Statutes to modify the rights and duties of common interest communities, including condominiums, cooperatives, and planned communities. It modifies the rights of unit owners, establishes a meet and confer process for resolving disputes, and changes notice requirements for meetings. Additionally, it prohibits certain governing bodies from requiring or incentivizing the creation of homeowners associations. The changes include provisions for assessment liens, replacement reserves, and the handling of fines and late fees. Effective January 1, 2026.