Bill > HB1506

This bill, concerning condominiums and homeowners associations, limits the amount that these associations can charge new owners, excluding the very first buyer of a unit or lot, as an "initial capital contribution or similar fee" paid when the property is purchased. This fee, often referred to as a "transfer fee" or "resale fee," is now capped at an amount no greater than the monthly dues or assessments that an existing owner in the same community pays at the time of the sale, aiming to prevent excessive charges for individuals buying into an established community.

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https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1506?ys=2026RS