A new HOA Reform Bill is making waves in Minnesota! 🌊
Passed unanimously in the Senate Housing and Homelessness Prevention Committee, this bill aims to bring more transparency and fairness to HOA operations. Here's what it means for you:
✅ Clearer Rules: HOAs must create and share a schedule of fines and fees with homeowners.
✅ Homeowner Protections: Homeowners can contest fines and get reasonable time to fix rule violations.
✅ Conflict Disclosure: HOA management companies must disclose financial ties to construction firms.
✅ No Hidden Costs: Outlaws charging homeowners for simply asking questions.While these changes are a win for homeowners, they may increase the workload on volunteer HOA boards.
