Bill > HB295

This bill updates Maryland's laws regarding condominiums and homeowners associations to enhance transparency and homeowner participation. Specifically, the bill requires that unit owners or lot owners have an opportunity to comment during meetings of the board of directors, and mandates that the developer appoint at least one board member who is a unit owner and not affiliated with the developer within 30 days after 25% of units have been sold to the public. The bill establishes that the governing body must convene at least one meeting each year with an open agenda where owners can provide comments, even before full control of the board is transferred from the developer to the owners. It also requires more detailed record-keeping, including maintaining books and records separately from the developer's records and making them available to owners with specific timelines for document requests. Additionally, the bill clarifies procedures for transitioning board control, including requirements for delivering documents, financial records, and reserve funds to the unit owners' board. These changes aim to improve communication, transparency, and owner involvement in condominium and homeowners association governance. The bill will take effect on October 1, 2025.

Justice, Transportation and Infrastructure

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0295?ys=2025RS