Gov. Malloy Signs Important Condo Laws Friday
In what has the potential to be a major victory for condo owners in Connecticut, Gov. Malloy signed legislation Friday that would give the state more power to discipline property managers who violate state condo laws.
Prior to this legislation – Public Act 13-289 – the state Department of Consumer Protection could only take action against property managers if they committed some impropriety with association finances.
Giving the Consumer Protection department additional powers to regulate property managers was proposed by the CCOC. The Community Association Institute of Connecticut agreed to support the proposal as long as the violations investigated are “knowing and material.”
The Public Act goes into effect Oct. 1.
If the Consumer Protection Department fully enforces this law, disgruntled condo owners will finally have a place to file a complaint against condo managers who violate state condo laws.
The Act also requires condo associations to make available agendas of regularly scheduled board of directors meetings to condo owners 48 hours prior to the meetings.
At many associations agendas are only provided to unit owners the night of the meeting.
Another section of the Act requires associations to make available to unit owners detailed financial records of reserve accounts.
And, the Act clarifies how associations must draw up proxies to prevent board members from having an unfair advantage.
To read the full Act click below.