Senate File 2448 amends existing laws related to residential real estate, specifically focusing on access to home inspection information and the responsibilities of unit owners associations. The bill introduces new requirements for unit owners associations to provide certifications regarding the payment status of dues, fees, or assessments, as well as a schedule of all fees associated with the transfer of real property ownership within common interest communities. Additionally, it allows associations to charge reasonable fees for the provision of records and documents, including the new certification, while ensuring that the fees do not exceed the estimated costs of production.

Furthermore, the bill modifies the regulations surrounding home inspection reports. It stipulates that sellers have the right to receive specific portions of a home inspection report related to remediation requests made by the buyer or their authorized agent, rather than the entire report. If the buyer fails to provide these relevant portions, the seller is granted the right to cancel the purchase contract without penalty. This change aims to enhance transparency and communication between buyers and sellers in real estate transactions.

Statutes affected:
Introduced: 499C.2, 558A.4A
Enrolled: 499C.2, 558A.4A