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HB 0410 - Condominiums; certain fees imposed on purchasers; provide for limits

Tracking Level: Monitor
Sponsor: Alan Powell (R)
Last Action: 5/8/2018 - Veto V2
House Committee: Judiciary
Senate Committee: Judiciary

Staff Analysis of the Legislation

HB 410 amends Chapter 3 of Title 44 of the OCGA by adding that no condominium or property owner's association instrument after July 1, 2017 can impose a capital contribution, start-up fund assessment, initiation fee, and contribution to capital reserve accounts, or other types of reserves to exceed 1/12 of the current annual dues. This bill changes language to suggest that late fees can be paid electronically to the management company or its agent within 10 days. The management company can charge an expedited fee of $50 and an additional $25 fee for reprinting.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text