November 30, 2022
We have been notified that House Bill 107 passed in Maryland in this year’s legislative session requiring all multi-family residential properties to complete a reserve study by October 1, 2023. This bill requires an updated study every five years of the reserves needed for future major repairs and replacement of the common elements of cooperative… Read more »
May 3, 2017
** “GOOD STANDING” PERCENTAGE REQUIRED TO AMEND DOCUMENTS: (HB789 – Effective 10/01/17): * The law defines “good standing” as not being more than 90 days in arrears in the payment of any assessment or charge due to the Condominium or the Homeowners Association. * The law alters the minimum percentage of affirmative votes of owners… Read more »
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