Bill Summary for S 376 (2023-2024)

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Summary date: 

Mar 27 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 376 (Public) Filed Monday, March 27, 2023
AN ACT TO ALLOW MEMBERS OF UNIT OWNERS' ASSOCIATIONS AND LOT OWNERS' ASSOCIATIONS TO INSPECT AND COPY ANY CONTRACTS BETWEEN THEIR ASSOCIATION AND A MANAGING AGENT.
Intro. by Johnson.

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Bill summary

Amends GS 47C-3-118 (pertaining to the North Carolina Condominium Act) and GS 47F-3-118 (pertaining to the North Carolina Planned Community Act) by requiring the association, upon written request, to give a unit or lot owner, respectively (or the owner's authorized agents), the contract(s) between the association (as defined) and the community association manger (as defined) related to the management of the association. Requires providing either a physical copy of the contract or allowing review of the contract in person.