Wednesday, August 3, 2011

New Md. law says condo associations can require that unit owners have insurance

By Benny L. Kass, Published: July 29

Starting in October, condominium associations in Maryland can vote to require that all unit owners carry homeowner’s insurance. What is unique about this law is that it only requires the approval of 51 percent of all condo owners.
Traditionally, to amend condominium legal documents, a super majority vote is required — usually up to 75 percent. In this case, however, the Maryland legislature has made it easier to change a condo’s bylaws.

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