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Chapter 514B

131 sections

§514B-3 Definitions for Condominium Law

§514B-4 Each condo unit is taxed as its own property

§514B-5 Condominium rules must match county land use laws

§514B-6 Counties must make their own condominium rules

§514B-7 Construction against implicit repeal

§514B-8 If one part of this law is invalid, the rest still stands

§514B-9 Good faith required in all contracts under this chapter

§514B-10 Courts must apply condominium laws broadly

§514B-21 Which condominiums this law covers and old terms

§514B-23 Changing rules for older condominiums

§514B-31 How a condominium property regime is created

§514B-32 What must be in a condominium's declaration

§514B-33 What must be on the condominium map

§514B-34 Certification of the condominium map by a licensed professional

§514B-35 What counts as part of your condo unit

§514B-36 Leasing land for a condo unit

§514B-37 Common interest stays with your unit

§514B-38 Rules for Using Shared Areas in a Condo

§514B-39 Who can use limited common elements

§514B-40 Transferring shared areas between condo units

§514B-41 How shared costs and income are divided among unit owners

§514B-42 How utility costs are split and metered in mixed-use projects

§514B-43 When work liens can attach to condo units

§514B-44 What a deed or lease for a condo unit must say

§514B-45 Pay off or release blanket liens before selling or leasing a unit

§514B-46 Merging condo projects or phases into one

§514B-47 How a condominium can leave this law's rules

§514B-51 When a developer must register a project before selling units

§514B-52 How to Apply for Condominium Project Registration

§514B-53 Paying for project inspections

§514B-54 What developers must give the commission before selling condos

§514B-55 Developer can ask for a hearing about their public report

§514B-56 Updating the developer's public report after changes

§514B-57 Commission can require changes to developer's report

§514B-58 Developers must file yearly updates to their public report

§514B-59 Developer's public report stays valid until all units are sold

§514B-60 No false or misleading information to the commission

§514B-61 What the condominium commission can do

§514B-62 Where collected fees are deposited

§514B-63 State condominium specialists help consumers with questions

§514B-64 Hiring private consultants to review project documents

§514B-65 Commission's power to investigate violations

§514B-66 Cease and desist orders

§514B-67 When the commission can cancel a condo project's registration

§514B-68 When the state can stop a violation

§514B-69 Penalties for violating condominium laws

§514B-70 Time limits for the State to take legal action

§514B-71 Fund for condominium education and dispute help

§514B-72 Condominium education fees for associations and developers

§514B-73 How the condominium education fund is managed and reported

§514B-81 When no developer's report is needed

§514B-82 When a Developer Can Sell Units

§514B-83 What must be in the developer's public report

§514B-84 Developer's public report: special types of condominiums

§514B-85 Rules for selling condos before official approval

§514B-86 Buying a condo unit: your right to cancel within 30 days

§514B-87 Right to cancel a condo purchase after a major change

§514B-88 How legal documents must be delivered

§514B-89 What must be in a contract to buy a unit before construction is done

§514B-90 Getting your money back when a sale is cancelled

§514B-91 Where buyer deposits are held and when they can be released

§514B-92 Using buyer deposits to pay for construction before closing

§514B-93 Selling units early to pay for construction

§514B-94 False statements about a project; buyer's remedies

§514B-95 Definitions for owner-occupant sales rules

§514B-95.5 Developer must publish project announcement in newspapers

§514B-96 Developers must set aside half of units for owner-occupants

§514B-96.5 How developers must offer condos to owner-occupants

§514B-97 Owner-Occupant Affidavit Expiration and Requirements

§514B-97.5 Waiting period before selling a condo unit

§514B-98 Sale of residential units; developer requirements

§514B-98.5 How the commission enforces this law

§514B-99 Penalties for breaking condominium sale rules

§514B-99.3 False statements are illegal and can lead to jail time

§514B-99.5 When this law does not apply

§514B-101 Which condominiums this law applies to

§514B-102 Association organization and membership

§514B-103 Association registration and fidelity bond requirements

§514B-104 What powers a condominium association has

§514B-105 Association; limitations on powers

§514B-106 Board powers and duties

§514B-106.5 Rules for letting process servers into the condominium

§514B-107 Who can serve on a condo board and board spending rules

§514B-108 How condo bylaws are recorded and changed

§514B-109 How associations can rewrite their governing rules

§514B-110 Changing board seats to match unit types

§514B-111 Court can excuse condominium rules that block the association

§514B-112 Condo Rules Apply to Everyone

§514B-113 Condominium rules cannot discriminate against medical cannabis users

§514B-121 Association Meeting Rules and Voting Options

§514B-122 Association meeting minutes and how owners can review them

§514B-123 Association meetings; voting; proxies

§514B-124 Association meetings: purchaser's right to vote

§514B-124.5 Cumulative voting in association elections

§514B-125 Board meeting rules for condo owners and directors

§514B-126 Board meeting minutes

§514B-131 How the property is run

§514B-132 Managing agents

§514B-133 Background checks for condo employees and limits on selling units

§514B-134 Management contracts before the association is formed

§514B-135 Terminating Developer Contracts and Leases

§514B-136 Transferring Developer Rights and Responsibilities

§514B-137 Who fixes and maintains condominium units and common areas

§514B-138 Upkeep of condominium; high-risk components

§514B-139 Abandoned items in common areas

§514B-140 Rules for Making Changes to Condominium Units and Property

§514B-141 Who is responsible for condominium injuries and lawsuits

§514B-142 Protection for condo boards helping elderly or disabled residents

§514B-143 Insurance the condo association must buy and keep

§514B-144 How condo fees are set, collected, and who must pay

§514B-145 Collecting unpaid condo fees from a tenant or rental agent

§514B-146 Association fiscal matters; lien for assessments

§514B-146.5 Foreclosure notices, mediation rights, and limits on association power of sale

§514B-147 When a judgment against the condo association affects your unit

§514B-148 Association budgets and reserve funds

§514B-149 How condo associations must handle and spend their money

§514B-150 Annual audits and financial statements for condo associations

§514B-151 Who negotiates lease rent for condo owners

§514B-152 Association must keep records for unit resales

§514B-153 Association records that must be kept and who can see them

§514B-154 Association Records: Access, Copying, and Disposal Rules

§514B-154.2 Electronic copies of governing documents

§514B-154.5 What records your condo association must show you

§514B-155 Association as trustee: protections for people who deal with it

§514B-156 Rules for Keeping Pets in Condominium Units

§514B-157 Who pays attorneys' fees and costs in condo disputes

§514B-161 When mediation is required for condominium disputes

§514B-162 When condo disputes must go to arbitration

§514B-162.5 Voluntary binding arbitration for condominium disputes

§514B-163 Asking for a new trial after arbitration

§514B-191 Retaliation prohibited