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Delegate circulates letter asking colleagues to support extending reserve-study deadline for common ownership communities
Summary
A delegate asked colleagues to consider signing a letter urging support for legislation to extend the deadline for reserve-study requirements for common ownership communities from three years to five years; the letter is not a formal delegation submission but was posted for members’ review and optional sign-on.
A delegate asked the Baltimore County delegation to review and consider signing a short letter supporting changes to reserve-study requirements for common ownership communities (condominiums, co-ops and homeowners associations). The requested change would extend the compliance timeframe from three years to five years, giving communities more time to build reserve funds and spread the cost…
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