New 2025 condo and HOA laws for U.S. states
Condo Control
NOVEMBER 21, 2024
If there are insufficient funds in the reserve to cover the cost of repairs, the bill authorizes an association to obtain competitive financing to commence repairs or replacements without a vote, and to levy an emergency assessment to repay the loan if certain conditions are met. These types of issues are not as costly for owners to litigate.
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