Common Ownership Communities - Online Publication of Resale Disclosures

HB 1260 requires homeowners associations (HOAs), condominiums, and cooperative housing corporations in Maryland to publish specific resale information about properties on their websites in a free, downloadable format. This applies directly to residents and sellers within these communities when transferring ownership of individual units. The bill limits fees these groups can charge for providing basic information about a specific unit or lot, ensuring transparency without cost to buyers. It amends existing Maryland law to mandate online disclosure of details like financial obligations, structural conditions, and insurance coverage, replacing previous requirements for physical or paid access.