S2900 — 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.

S2900 — 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 bill proposes changes to Rhode Island condominium laws to limit increases in monthly common expenses and restrict special assessments. Special assessments would be limited to covering only unf…Open in Informed Citizenry