SB 118 (BR 1330) - D. Seum
AN ACT relating to condominiums.
Amends various sections of the Kentucky Condominium Act, KRS 381.9101 to 381.9207, to provide that the seller's statement is applicable to all condominiums, with exceptions; clarify that a condominium is real estate, portions of which are designated for separate ownership; provide for lien priority as it relates to association assessments issued against a condominium; provide for the collection of attorneys fees when the association enforces the collection of assessments; and make technical corrections; amend KRS 324.360 to provide that the Kentucky Real Estate Commission may create and distribute forms and other materials to its licensees and the general public concerning condominium transactions.
Feb 8-introduced in Senate
Feb 10-to Judiciary (S)