Regulates common interest communities, including governance, financial obligations, and restrictions on unit modifications.

This bill governs common interest communities, detailing the roles and responsibilities of associations and unit owners. It outlines the powers of associations, including the ability to impose assessments, enforce covenants, and maintain reserve funds. The bill also addresses the installation of electric vehicle charging stations and heat pumps, specifying conditions and unit owner responsibilities. It mandates disclosure of financial obligations and risks to unit owners, including reserve studies and potential special assessments.

Regulates common interest communities, including governance, financial obligations, and restrictions on unit modifications.

This bill governs common interest communities, detailing the roles and responsibilities of associations and unit owners. It outlines the powers of associations, including the ability to impose assessments, enforce covenants, and maintain reserve funds. The bill also addresses the installation of electric vehicle charging stations and heat pumps, specifying conditions and unit owner responsibilities. It mandates disclosure of financial obligations and risks to unit owners, including reserve studies and potential special assessments.