SB344 Alabama 2024 Session

Summary

Primary Sponsor

Jay Hovey Senator

Republican

Session

Regular Session 2024

Title

Homeowners' associations; lot owner representation on board of directors, further provided

Description

Under existing law, there are various requirements applicable to developments subject to a declaration providing for a homeowners' association.

The requirements apply to all homeowners' associations formed on or after January 1, 2016, and those homeowners' associations formed prior to that date which have elected to be governed by those requirements.

This bill would apply the requirements to all homeowners' associations.

Also under existing law, a declaration providing for a development or the governing documents of a homeowners' association may provide for a period during which the declarant will maintain control of the board of directors of the homeowners' association.

This bill would limit this period to the five years following the declarant's first conveyance of a lot in the development.

This bill would also provide minimum thresholds of lot owner representation on the homeowners' association of the respective development following the conveyance of a specified number of lots by the declarant.

SB344 INTRODUCED.

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Subjects

Property & Estates