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Delegate presents bill to let small condo associations skip reserve studies with member vote
Summary
House Bill 12-01 would let certain condo associations use an 80% member special-assessment vote instead of a mandatory reserve study and would exempt small single-family HOAs (50 or fewer homes that only maintain roads) from reserve-study rules; sponsor requested an editorial amendment and cited no fiscal impact to state or local governments.
Delegate Bridal presented House Bill 12-01 at the Economic Matters Committee hearing, proposing two carve-outs to Maryland's statewide reserve-study requirement for common‑ownership communities. The bill would let a residential condominium association avoid a reserve study if 80% of members vote to fund repairs through a special assessment,…
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