Bill > HB1221

This bill requires the governing bodies of certain common ownership communities, such as cooperative housing corporations, condominiums, and homeowners associations, to publish specific resale disclosure information on their websites in a downloadable format at no cost. The bill applies to residential properties and covers three main types of communities: cooperative housing corporations, condominiums, and homeowners associations. For each type of community, the bill mandates that the governing body must make publicly available key documents and information related to the community's operations, such as bylaws, rules, financial statements, budgets, insurance information, and other relevant details, while explicitly excluding any information specific to individual units. The requirement aims to increase transparency and provide potential buyers with easy access to important community information before purchasing a property. The bill will take effect on October 1, 2025, giving these communities time to prepare and implement the necessary website publication processes. By making this information freely and easily accessible online, the bill seeks to empower potential buyers with comprehensive information about the community they are considering joining, helping them make more informed real estate decisions.

Transportation and Infrastructure

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1221?ys=2025RS