HB 1824: CONDOMINIUM ASSOCIATIONS; RESERVE STUDY; WAIVER; SMALL ASSOCIATIONS

Session Year: 2025-2026
House: House
Latest Version Date: 2026-04-29

Current Status:

In Progress

(2026-05-08: Received notice of passage on Final Reading in House (Hse. Com. No. 888).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Allows small condominium associations with a building or buildings of no more than two stories to waive the requirement for the reserve study to be reviewed by an independent reserve study preparer if a majority of unit owners at a meeting approve the waiver and certain other requirements are met, but prohibits associations from waiving this requirement for consecutive three-year periods. (CD1)

Discussed in Hearing