NH real estate attorney Erik Newman has published an update on New Hampshire laws affecting condominium unit owners' associations that may require amending condo bylaws to incorporate the new requirements.
In NH Condo Law: Enhanced Governance Requirements Take Effect for Condominium Associations, Newman outlines significant changes to the way condominium owners' associations
(COA's) elect officers and directors, conduct meetings and adopt budgets
under the New Hampshire Condominium Act, RSA 356-B, became effective on
August 1, 2016 and can be reviewed on the New Hampshire General Court’s
website at: Chapter 311 HB 353 - Final Version.
The new law states that in the event of a conflict with
an association’s existing declaration and bylaws, the provisions of the
Condominium Act shall control, suggesting that bylaw amendment may not
be necessary. However, several of the changes impose new content
requirements for bylaws, which, if not already present in your bylaws,
would necessitate amendment to comply.
Read the full article here.
Opportunity for NH Builder / Developer - Wolfeboro, NH
No comments:
Post a Comment