H7853 — 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.

H7853 — 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. · Informed CitizenryThis legislation addresses condominium homeowners' associations by putting limits on how much they can charge unit owners. Specifically, it restricts increases in mandatory monthly common expenses…Open in Informed Citizenry