Bill > A06241

This bill creates a residential condominium owner's bill of rights that includes the right to transparency (access to financial statements, reports, and meeting minutes), the right to timely decisions on applications and disputes, voting rights (filling board vacancies, posting election results), the right to notice of board and unit owner meetings, and the right against extraordinary expenses (requiring unit owner approval for certain expenses, except in emergencies or for mortgage refinancing). The Attorney General is authorized to enforce these provisions and must create a handbook summarizing the rights of unit owners. The bill applies to condominium associations with 3,500 or more units and requires existing associations to amend their organizational and operating documents within one year of the bill's effective date.