HB 1506 — Maryland

Condominiums and Homeowners Associations - New Owner Fees - Limitations

Limiting the amount that a condominium or homeowners association may charge a new unit or lot owner, other than an initial unit or lot owner, as an initial capital contribution or similar fee paid by the new owner at closing to be not more than three times the amount of monthly assessments paid by an existing unit or lot owner at the time of the closing; requiring certain documents to include certain fees; exempting certain condominiums and homeowner associations from a limit on a certain initial capital contribution or similar fee; etc.

Latest action: Hearing 4/03 at 1:00 p.m. · Mar 25, 2026

Synopsis written by the legislature's own staff, as published on the official bill page. Status label is derived from the recorded actions. The full text below is the record.

Committees: Economic Matters (House of Delegates); Judicial Proceedings (Senate)

Updated Apr 2, 2026