Category Archives: Councils of Unit Owners

PROPOSED LEGISLATION WOULD EXPAND WARRANTY PROTECTION FOR FUTURE CONDOMINIUMS AND HOMEOWNERS ASSOCIATIONS

March 4, 2010

The current session of the Maryland General Assembly is considering new legislation that would expand common element and common area warranty protections in future condominiums and homeowners associations. House Bill 620 proposes to expand the application of both the three-year condominium common element warranty, and the one-year homeowners association common area warranty, for projects created [...]

Written By rburke Comments (0) Categories: Councils of Unit Owners, Homeowner Associations, Statutes

MARYLAND GENERAL ASSEMBLY CONSIDERING LIMITED FORECLOSURE RELIEF FOR CONDOMINIUMS AND HOMEOWNERS ASSOCIATIONS

March 4, 2010

Legislation has been proposed in the current session of the Maryland General Assembly that would provide some relief to condominiums and homeowners associations in the event of a foreclosure. House Bill 842, known as the Residential Association Sustainability Act of 2010, provides that a specified portion of a lien on a condominium unit or lot [...]

Written By rburke Comments (0) Categories: Councils of Unit Owners, Homeowner Associations, Residential Condominiums, Statutes

Foreclosures Impact Condo Fee Collections

January 5, 2010

The effects of the recession on real estate values, and the resulting wave of foreclosures throughout the country, has had a direct and immediate impact on the ability of many condominium councils to collect the assessments necessary to properly operate and maintain their communities. Unit owners who are unable to keep up with their mortgage [...]

Written By rburke Comments (0) Categories: Councils of Unit Owners, Residential Condominiums Tags:

Preserving Your Asset

July 27, 2009
Written By rburke Comments (6) Categories: Beach Property Issues, Building Consultants, Councils of Unit Owners, Individual Unit Owners, Residential Condominiums, Warranties

The Trouble With Mold

July 6, 2009

When mold was discovered in part of the Hilton Hawaiian Village in Honolulu, it ultimately resulted in the closing for more than a year of an entire 453-room 25-story tower.  It is reported that Hilton spent some $20 Million on consulting and investigation costs, and an additional $35 Million in the remediation.  This is one [...]

Written By rburke Comments (0) Categories: Building Consultants, Commercial Condominiums, Councils of Unit Owners, Mold and Environmental Issues, Residential Condominiums

Maryland Condominium Owners Need to be Mindful of Common Element Warranty Requirements

June 19, 2009

If you have decided that the condominium lifestyle is for you, and have purchased a sparkling new unit in a recently constructed complex, you probably take comfort in the fact that Maryland law provides for a three-year warranty on major components of the common elements. However, you may not be aware that when you purchased [...]

Written By rburke Comments (0) Categories: Councils of Unit Owners, Individual Unit Owners, Residential Condominiums, Warranties