Bill > HF4485

This bill proposes several provisions related to homeowner associations: 1. It prohibits property managers or management companies from having undisclosed financial interests in construction, salvage, or appraisal firms that they hire to perform work on the properties they manage. It also prohibits property managers from accepting kickbacks or fee-splitting arrangements with such firms. 2. It limits automatic renewal provisions in property management contracts to no more than 30 days prior to the contract's anniversary date, and allows homeowners to terminate such contracts for any reason with 60 days' notice. 3. It prohibits property managers from being compensated based on the amount of fines they collect on behalf of the homeowner association, and prohibits them from collecting any fees for collecting fines imposed by the association. 4. It provides homeowners with a right to sue property managers or management companies for violations of these new restrictions, and allows them to recover damages and attorney's fees. 5. It adds new procedural requirements for homeowner associations when approving or disapproving homeowner proposals to modify their units or limited common elements. 6. It prohibits homeowner associations from enforcing restrictions on the parking of personal vehicles on public streets or roads, unless the association has been expressly delegated such authority by the state or local government. 7. It clarifies that fines imposed by homeowner associations are not enforceable as liens against a homeowner's property.