What's Hot: The Most Expensive Home In Chevy Chase Will Hit The Market For Just South Of $10 Million
New Legislation Would Increase Transparency in DC Condo Governance
✉️ Want to forward this article? Click here.
Yesterday, Ward 3 Councilmember Mary Cheh introduced a bill aimed at “increasing transparency and improving governance” among condo associations in the District.
The Condominium Amendment Act of 2011 would make changes to the city’s 1976 condo law including:
- Allowing condo associations to deliver notice to members and conduct votes electronically.
- Requiring that associations maintain financial records and provide unit owners access to and the right to copy the association’s books and records.
Councilmember Cheh on the proposed bill:
“This bill would bring the D.C. Condominium Act in line with the other local jurisdictions. It would provide unit owners greater flexibility to control their own governance structure, require that all meetings of condo boards be open to members in good standing and provide unit owners a right of inspecting the condo association’s financial records.”
The 1976 law does not restrict access to condo board meetings or records, but also does not explicitly state that they are open/accessible to residents.
Cheh’s legislative director Jeremy Faust told UrbanTurf that Councilmember Michael Brown, who chairs the Housing Committee, will determine how the bill proceeds. The next step would be to schedule a hearing.
Similar Posts:
See other articles related to: condo board, dc city council, dc condo market, dclofts, mary cheh
This article originally published at https://dc.urbanturf.com/articles/blog/new_legislation_would_increase_transparency_in_dc_condo_governance/4288.
Most Popular... This Week • Last 30 Days • Ever
If the home ultimately sells for around that list price, it would set a record as the... read »
When purchasing a home, it's crucial to conduct a thorough inspection to determine th... read »
The federal government could be shut down by the end of today, and that shutdown coul... read »
The multi-faceted project will include restaurant, bar, fitness and event spaces.... read »
Right on the heels of a $29 million home along Foxhall Road going under contract to T... read »
- Fox News Bret Baier's $29 Million DC Home Finds A Buyer
- A Home Inspection Primer For New Home Buyers
- How a Government Shutdown Could Affect Home Loans
- Union Market Lite? New Food Hall And Event Space Planned For H Street Corridor
- The Trump Effect Continues: $10 Million Georgetown Condo Goes Under Contract
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro