ARE YOU READY FOR THE CHANGES TO THE NEW HAMPSHIRE CONDOMINIUM ACT?

As you may be aware, effective August 1, 2016, the law for NH condominium associations has changed.  While the changes are numerous, the bulk of changes in the law will primarily impact Unit Owner Meetings and Board Meetings.  There are now certain requirements for notice of meetings, proxies, records of the meetings, including minutes, voting, open Board meetings and executive session Board meetings.  The other significant change is a requirement for Unit Owners to approve budgets and special assessments.  We encourage Board Members and Property Managers to review the details concerning these new requirements so that your Association will be compliant.For a summary of House Bill 1307 [click here]For a summary of House Bill 353 [click here]For a copy of House Bill 353 [click here]  For a copy of House Bill 1307 [click here]For any questions regarding this article please contact Janet Aronson at jaronson@meeb.com.