Condominiums and Homeowners Associations - New Owner Fees - Limitations
What this bill does
Limiting the amount that a condominium or homeowners association may charge a new unit or lot owner, other than an initial unit or lot owner, as an initial capital contribution or similar fee paid by the new owner at closing to be not more than three times the amount of monthly assessments paid by an existing unit or lot owner at the time of the closing; requiring certain documents to include certain fees; exempting certain condominiums and homeowner associations from a limit on a certain initial capital contribution or similar fee; etc.
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 (12)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Lieberman, Jim | Leisure World | Written (PDF) |
| FAV | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |
| FAV | Blue, Ph.D., Ronald | Patapsco Glen Homeowners Association | Oral + Written (PDF) |
| FAV | Allen, Thomas | Individual | Written (PDF) |
| FAV | Delegate Ross, Delegate Rosslegislator | Individual | Oral |
| FAV | Delegate Ross, Delegate Rosslegislator | Individual | Oral |
| FAV | Ghimire, Kris | Individual | Oral |
| FWA | Lieberman, Jim | Leisure World | Written (PDF) |
| FWA | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |
| FWA | Morazzani Hood, Charlene | Residential Realty Group, Inc. | Written (PDF) |
| FWA | Kent, Cynthia | Individual | Oral |
| INFO | Straughn, Karen | Consumer Protection Division of the Office of the Attorney General | Written (PDF) |