A 3314
Limits increase in association dues for unit owners in association of planned real estate development to 10 percent under certain circumstances.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill limits how much association dues can increase for unit owners in planned real estate developments to 10 percent over a 12-month period, with some exceptions. It allows unit owners to seek investigation or legal action if dues are raised unfairly and provides a process for executive boards to request approval for larger increases. The bill also establishes a rebuttable presumption of violation if a director or court determines a violation occurred and outlines rules for the Commissioner of Community Affairs to oversee these increases.
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