This bill amends the Minnesota Common Interest Ownership Act to enhance the governance and operational framework for common interest communities, including condominiums, cooperatives, and planned communities. Key provisions include the introduction of new definitions such as "development party," "flexible common interest community," and "master association," which clarify the roles of stakeholders. The bill mandates that condominiums created after August 1, 2026, must consist solely of either registered or unregistered land, and it updates the requirements for CIC plats to include detailed information about unit boundaries and common elements. Additionally, it establishes that associations must provide written notice to unit owners before initiating litigation related to construction defects, ensuring transparency and accountability.

Significant legal language changes include the insertion of specific sections that outline the applicability of the chapter to various types of common interest communities and the deletion of outdated provisions. The bill also clarifies the rights of unit owners regarding alterations to their units, particularly for those with disabilities, and streamlines the process for amending declarations and recording documents. Furthermore, it addresses the responsibilities of associations and unit owners concerning maintenance, insurance, and financial management, ensuring that both parties understand their rights and obligations. Overall, the amendments aim to improve clarity, efficiency, and transparency in the management of common interest communities in Minnesota.

Statutes affected:
Introduction: 515B.1, 515B.2, 515B.3, 515B.4