SB 2765: CONDOMINIUMS; ASSOCIATIONS; RENTAL INCOME; FORECLOSURES; THIRD‑PARTY COMMISSIONERS

Session Year: 2025-2026
House: Senate
Latest Version Date: 2026-03-23

Current Status:

In Progress

(2026-04-27: Received notice of Senate conferees (Sen. Com. No. 761).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Clarifies that condominium associations that have obtained title to a unit through foreclosure may retain rental income received prior to the appointment of a commissioner in a subsequent foreclosure, but the association may be required by a court to remit rental income received after the appointment of a commissioner to be held until an order of distribution is entered by the court. Effective 7/1/3000. (HD1)

Discussed in Hearing