HB 2645

Abstract

Amends the Common Interest Community Association Act. Provides that the purchaser of a unit of a common interest community, other than a mortgagee, must pay the common expenses for the unit, attorneys' fees, and other charges related to the common expenses that would have been due during the 12 months before a foreclosure judicial sale or the delivery of a deed in lieu of foreclosure and if common expenses are paid at any time, the purchaser, other than the mortgagee, has no obligation to pay any common expenses that accrued before the purchaser acquired title. Amends the Condominium Property Act. Provides that the purchaser of a condominium unit at a judicial foreclosure sale, other than a mortgagee, or a purchaser who acquires title from a mortgagee following a judicial foreclosure sale or the delivery of a deed in lieu of foreclosure must pay the proportionate share of the unit's common expenses, attorneys' fees, and other charges related to the common expenses that would have been due during the 12 months before a judicial sale or execution of a deed in lieu of foreclosure (instead of must pay common expenses, without attorney's fees included, for the 6 months incurred immediately before the filing of an action to collect common expenses) and if the common expenses are paid, the purchaser, other than the mortgagee, has no obligation to pay any common expenses that accrued before the purchaser acquired title. Provides that the board of a common interest community association and the board of a condominium master association shall have the authority to impose charges for the late payment of a unit owner's common expenses share or other expenses lawfully agreed upon. Makes other changes. Effective July 1, 2013.