References both the declaration and bylaws of a condominium association as possible sources of association insurance regulation for the condominiums and require additional insurance to protect unit owners, when necessary.
Requires associations to provide unit owners within thirty (30) days notice of any increase in the deductible application to the association’s policy.
Requires associations to provide unit owners within thirty (30) days notice of any increase in the deductible application to the association’s policy.
Creates a process for condominium associations to give notice to and obtain approval from unit mortgage holders for certain association actions.
Provides that amendments to §§ 34-36.1-1.03 and 34-36.1-3.08 are applicable to condominiums created before July 1, 1982, provides a definition for the term “special assessment” and allows unit owners to participate in association meetings remotely.
Creates process for condominium associations to give notice to and obtain approval from unit mortgage holders for certain association actions by mailing a written request for approval to the unit mortgagees via regular and certified mail.
Creates process for condominium associations to give notice to and obtain approval from unit mortgage holders for certain association actions by mailing a written request for approval to the unit mortgagees via regular and certified mail.
Restricts increases in monthly common expenses and limit special assessments to cover unforeseen costs not included in condo association’s approved annual budget for common expenses in associations where the minority of the units are deed-restricted units
Restricts increases in monthly common expenses and limit special assessments to cover unforeseen costs not included in condo association’s approved annual budget for common expenses in associations where the minority of the units are deed-restricted units
Requires commercial property owners to install vehicle barriers at their retail establishment locations when new construction are being done and permits insurers to consider the installation to provide a discount on the owner's insurance policy.