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HB 0383 - Georgia Condominium Act; define terms; provisions

Tracking Level: Monitor
Sponsor: Mills,James 25th
Last Action: 5/29/2007 - House Date Signed by Governor
House Committee: Judy
Senate Committee: ECD

Staff Analysis of the Legislation

 

House Bill 383

 

Chair's Name: Wendell Willard

 

Committee: Judiciary

 

House Sponsor: James Mills

 

HB 383 makes changes to the Georgia Condominium Act to allow the creation of master condominium and sub-condominium associations. The bill also provides that a condominium owner is not required to have a certificate of occupation in order to own the condominium.

This bill received a Do Pass recommendation from the Judiciary Committee and comes to the House Floor under the Open Rule. 

Chairman Willard�s opinion of this legislation:

 

WHAT PROBLEM/OPPORTUNITY DOES THIS LEGISLATION ADDRESS?

This bill addresses current issues with the increased development of residential condominiums and mixed-use developments in Georgia by creating a legal definition for sub condominiums which will have separate legal rights and obligations for the sub condominiums.  The bill also allows a unit to be sold prior to the issuance of a Certificate of Occupancy, so as to permit a purchaser to design the interior prior to issuance. 

WHAT IS THE DRIVING FORCE BEHIND THIS LEGISLATION?

Changes in the way real estate is being developed in Georgia.

THIS LEGISLATION:

  • Increases Personal Responsibility:

Allows the incorporation of many different types of uses in a condominium development


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