Relating to residential real estate, including access to records of unit owners associations and the disclosure of home inspection information

This bill relates to access to records of unit owners associations and the disclosure of home inspection information in residential real estate transactions.2 (records and documents —— access) requires a unit owners association, the association’s designee, or the association’s management company to make certain records and documents available to a unit owner or the unit owner’s authorized agent upon request. The bill requires a unit owners association, the association’s designee, or the association’s management company to make available certification concerning the payment of dues, fees, or assessments that states whether dues, fees, or assessments are paid in full or delinquent, and identifies any known future dues, fees, or assessments. 2. The bill requires that, upon request, a unit owner or the unit owner’s authorized agent be provided reasonable documentation supporting the fee charged to ensure the fee does not exceed the cost of producing the required records. Under current law, following the completion of a home inspection report by a home inspector, the person to whom the report was prepared must provide a copy without charge of the home inspection report upon the request of the seller of the inspected property. The bill strikes this requirement and instead requires the buyer or the buyer’s authorized agent to provide without charge portions of the home inspection report that relate to the remediation requests made by the buyer or the buyer’s authorized agent upon the request of the seller of the inspected property. The bill provides that if the buyer or the buyer’s authorized agent fails to provide the applicable portions of the inspection report to the seller of the inspected property, the seller may cancel the purchase contract for the inspected property without penalty.