This bill proposes several updates to the current statutes regarding the assessment of common expenses in condominiums that include both commercial and residential structures. Under the new provisions, any common expense that exclusively benefits either the residential or commercial structures must be assessed solely against the respective units. If a common expense benefits both types of structures, it will be allocated proportionally based on the category of the structures benefitted. Additionally, the bill introduces definitions for "commercial structure" and "residential structure," clarifying the criteria for each.

The bill also mandates that in disputes over common expense allocations, the condominium association must provide access to relevant records, ensuring transparency. Furthermore, it stipulates that any changes to the allocation of common expenses after the period of declarant control must be approved unanimously by unit owners. These updates aim to enhance fairness in the assessment of expenses and ensure that costs are allocated appropriately based on the benefits received by each type of structure.

Statutes affected:
Introduced Version: 33-1255
House Engrossed Version: 33-1255
Chaptered Version: 33-1202, 33-1217, 33-1255, 33-1241, 33-1246, 33-1243, 33-1212, 6-801, 33-741, 33-1242