Legislative Session number- 86

Bill Name: HF3393

HF 3393

THIRD ENGROSSMENT

Article 1: Applicability, definitions, and other
general provisions modified.

Sec. 1: Common interest owner ship applicability
provisions modified.

Sec. 2: Definitions modified.

Sec. 3: Eminent domain
provisions modified.

Sec. 4: Abutting publicly dedicated property vacation
language provided.

Sec. 5: Unconscionable agreement or term of contract
provisions modified.

Sec. 6: Notice requirement provisions modified.

Sec.
7: Recording provisions modified.

Article 2: Creation, alteration, and
termination provisions modified.

Sec. 1: Common interest communities creation
provisions modified.

Sec. 2: Unit boundaries provisions modified.

Sec. 3:
Declaration of contents provisions modified.

Sec. 4: Flexible common interest
communities declaration provisions modified.

Sec. 5: Interests allocation
provisions modified.

Sec. 6: Common elements and limited common elements
provisions modified.

Sec. 7: Common interest community plat provisions
modified.

Sec. 8: Flexible common interest community expansion provisions
modified.

Sec. 9: Unit subdivision, combination, or conversion provisions
modified.

Sec. 10: Unit alteration provisions modified.

Sec. 11: Boundary
relocation provisions modified between adjoining units.

Sec. 12: Declaration
amendment provisions modified.

Sec. 13: Common interest community termination
provisions modified.

Sec. 14: Master associations provisions
modified.

Sec. 15: Common interest community severance provisions
modified.

Article 3: Organization and operation provisions modified.

Sec.
1: Unit owners��� association organization provisions modified.

Sec. 2:
Unit owners��� association powers provisions modified.

Sec. 3: Board of
directors and officers appointment and election provisions modified; declarant
of control provisions modified.

Sec. 4: Special declarant right; transfer,
liability of transferor and transferee, and termination provisions
modified.

Sec. 5: Contracts termination, leases, and licenses provisions
modified.

Sec. 6: Bylaws annual report provisions modified.

Sec. 7: Quorum
provisions modified.

Sec. 8: Voting; proxies provisions modified.

Sec. 9:
Conveyance of, or creation of security interests in, common elements provisions
modified.

Sec. 10: Insurance provisions modified.

Sec. 11: Replacement
reserves provisions modified.

Sec. 12: Common expenses assessments provisions
modified.

Sec. 13: Assessments lien provisions modified.

Sec. 14: Other
liens provisions modified.

Sec. 15: Declarant duties; turnover of records
provisions modified.

Sec. 16: Accounting controls provisions
modified.

Article 4: Protection of purchasers provisions modified.

Sec. 1:
Applicability and disclosure statement delivery provisions modified.

Sec. 2:
Disclosure statement general provisions modified.

Sec. 3: Time shares
provisions modified.

Sec. 4: Common interest community with building once
occupied disclosure statement provisions modified.

Sec. 5:
Purchaser���s right to cancel provisions modified.

Sec. 6: Units resale
provisions modified.

Sec. 7: Purchaser���s right to cancel resale
provisions modified.

Sec. 8: Liens release obligation provisions
modified.

Sec. 9: Conversion property provisions modified.

Sec. 10:
Warranties statute of limitations provisions modified.

Sec. 11: Rights of
actions; attorney���s fees provisions modified.