Bill > SB415

This bill, concerning a certain exemption in interest in condominium units, proposes to amend the New Hampshire Condominium Act by increasing the number of units that qualify for an exemption from its regulations. Specifically, it changes the existing law to allow condominiums with up to 20 units to be exempt from certain provisions related to the offer or disposition of interests in a condominium unit, whereas previously this exemption only applied to condominiums with 10 or fewer units; however, this expanded exemption will not apply to condominiums that involve time-sharing interests, which is a system where multiple individuals share the right to use a property for a specific period each year. The bill will take effect 60 days after it is passed.

Business and Industry, Housing and Urban Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1465&inflect=2