Connecticut House Bill HB06209

Connecticut 2015 Regular Session

• Introduced: 1/22/15
• Refer: 1/22/15

Caption

An Act Concerning The Imposition Of A Flip Fee Or Charge By The Association Of A Common Interest Community.

Impact

The enactment of HB 06209 would primarily affect the laws governing common interest communities, particularly in terms of the financial dealings of homeowner associations. By providing clear guidelines around the assessment and enforcement of flip fees, the bill intends to standardize practices across different communities, which could lead to greater accountability and transparency. This change could benefit homeowners who might otherwise be subject to arbitrary charges that would impede their ability to sell their properties swiftly.

Summary

House Bill 06209 proposes legislation concerning the imposition of a flip fee or charge by the association of a common interest community. This bill aims to regulate how homeowner associations can implement charges related to the transfer of property within their communities, offering a framework that aims to protect both the associations and the homeowners. The focus on flip fees is significant as these fees can impact the marketability of properties and the overall affordability of housing in these communities.

Contention

However, the bill may face opposition from various stakeholders, particularly those who argue that such fees can constitute an undue burden on homeowners. Concerns may arise over the potential for homeowner associations to exploit these fees in ways that could deter new buyers and increase financial strain on residents. Furthermore, the discussion around the balance of power between homeowner associations and residents is likely to be a point of contention, especially regarding governance and transparency in fee imposition.