Bill Text: NH HB1601 | 2018 | Regular Session | Enrolled
Bill Title: Relative to a declarant's options for condominium expansion.
Spectrum: Bipartisan Bill
Status: (Passed) 2018-06-12 - Signed by Governor Sununu 06/08/2018; Chapter 192; Eff. 8/7/2018 [HB1601 Detail]
Download: New_Hampshire-2018-HB1601-Enrolled.html
HB 1601 - VERSION ADOPTED BY BOTH BODIES
6Mar2018... 0621h
2018 SESSION
18-2409
10/05
HOUSE BILL 1601
AN ACT relative to a declarant's options for condominium expansion.
SPONSORS: Rep. Almy, Graf. 13; Rep. LeBrun, Hills. 32; Rep. Treleaven, Straf. 17; Sen. Birdsell, Dist 19
COMMITTEE: Commerce and Consumer Affairs
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AMENDED ANALYSIS
This bill adds a time limit for the conversion of convertible spaces pursuant to a condominium instrument and clarifies the bounds of the condominium for future expansion.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
6Mar2018... 0621h 18-2409
10/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT relative to a declarant's options for condominium expansion.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Condominium Act; Definitions; Improvement. Amend RSA 356-B:3 by inserting after paragraph XVI the following new paragraph:
XVI-a. "Improvement" means any addition to condominium land, facilities, or amenities other than condominium units.
2 New Paragraph; Conversion of Convertible Spaces. Amend RSA 356-B:24 by inserting after paragraph IV the following new paragraph:
V. Until the expiration of the period during which conversion may occur or until actual conversion, whichever occurs first, real estate taxes relative to convertible space shall be assessed against the declarant rather than the unit owners when such space is utilized only for the benefit of the declarant. No such conversion shall occur after 5 years from the recordation of the declaration, or such shorter period of time period as the declaration may specify, provided, however, that the time limit contained in the declaration may be extended by not more than 5 years by an amendment to the declaration adopted pursuant to RSA 356-B:54, V.
3 New Paragraph; Contents of Declarant's. Amend RSA 356-B:16 by inserting after paragraph I the following new paragraph:
I-a. All lands within the declaration of the condominium which are within the original bounds of the condominium shall be identified therein as individual units, common areas, limited common areas, convertible spaces, or convertible lands. All lands proposed for possible future expansion shall be identified as expandable lands.
4 Effective Date. This act shall take effect 60 days after its passage.
