Rhode Island S2702 mandates lower fees for updating condominium resale certificates after the initial issuance.
Rhode Island S2702 amends condominium law to require associations to charge a reduced fee for updating a condominium resale certificate after the initial issuance. Specifically, the bill sets the fee for an updated electronic or physical version at $25, down from $125 for the initial version. This change aims to make the resale process more affordable for unit owners. The act will take effect on September 1, 2026.
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