RI
Rhode Island Senate Bill S2900
Rhode Island 2026 Regular Session
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Rhode Island 2026 Regular Session

Rhode Island Senate Bill S2900

Introduced
3/4/26  

Caption

Restricts increases in monthly common expenses and limit special assessments to cover unforeseen costs not included in the condo association’s approved annual budget for common expenses where the minority of the units are deed-restricted units.

Impact

If enacted, S2900 will significantly modify how condominium associations operate financially, particularly concerning how they handle costs and budgetary constraints. By restricting the ability of associations to increase monthly fees and imposing limits on special assessments, the bill aims to safeguard the financial interests of condominium owners. Additionally, the requirement for associations with deed-restricted units to provide options for their owners during financial hardships further emphasizes the bill’s focus on affordable housing and economic fairness.

Summary

Bill S2900 seeks to enact amendments to Rhode Island's Condominium Law to restrict increases in monthly common expenses and to limit special assessments that cover unforeseen costs not included in a condominium association's approved annual budget. This legislation is particularly pertinent in associations where a minority of units are deed-restricted units, promoting financial stability for owners in these residences and ensuring a fair approach to expense management.

Contention

Despite its intentions, the bill may generate debates regarding its implications for condominium management. Proponents argue that it is essential for protecting homeowners from unexpected financial burdens, while critics might contend that limiting budget flexibility can hinder associations from adequately maintaining properties or responding to emergencies. Furthermore, the specific provisions related to deed-restricted units could raise questions about how effectively they address broader financial issues faced by all unit owners within a condominium community, potentially dividing opinions among different stakeholders.

Companion Bills

No companion bills found.

Previously Filed As

RI H5825

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

RI S0724

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

RI H5823

Voids any provision in a condominium declaration or bylaw that would limit an increase in annual assessments relative to a percentage of the prior year's assessment.

RI H5330

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.

RI H5826

Creates a process for condominium associations to give notice to and obtain approval from unit mortgage holders for certain association actions.

RI H5585

Requires associations to provide unit owners within thirty (30) days notice of any increase in the deductible application to the association’s policy.

RI S0507

Requires associations to provide unit owners within thirty (30) days notice of any increase in the deductible application to the association’s policy.

RI H5586

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.

RI S0508

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.

RI S0085

Requires grocery stores to specifically limit the number of self-service checkout units to six (6) units per location. The consumer protection unit of the department of attorney general would have authority to enforce these restrictions.

Similar Bills

No similar bills found.