Condominiums - Property Insurance Deductibles - Unit Owner Responsibility
What this bill does
Increasing, from $10,000 to $25,000, the maximum amount of the council of unit owners' property insurance deductible for which a unit owner is responsible if the cause of damage to or destruction of any portion of the condominium originates from the unit owner's unit; and providing that a contract for the resale of a condominium unit by a unit owner other than the developer is not enforceable unless it contains a written notice of the unit owner's responsibility for the amount of the deductible where damage or originates from the unit.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (0)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Manougian, Robin | Community Associations Institute | Oral + Written (PDF) |
| FAV | Schmitt, Patrick | Habitat I Section A Condominium Association | Written (PDF) |
| FAV | Lieberman, Jim | Leisure World | Written (PDF) |
| FAV | Gelfound, Staci | WPM Real Estate Management | Oral |
| FAV | Morhaim, Dan | none | Written (PDF) |
| FAV | Delegate Holmes, Delegate Holmeslegislator | Individual | Oral |
| UNF | Pohlhaus, Jeannie | Cross Keys | Oral |
| UNF | Hyatt, Jeanne | NA | Oral |
| FWA | Horvath, Steve | HOA United | Oral + Written (PDF) |
| FWA | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |