It’s Here. Washington State’s Common Interest Ownership Act
by Brian P. McLean
Senate Bill (SB) 5263 – the Washington State Uniform Common Interest Ownership Act – was introduced on January 16, 2015, in the State Legislature and referred to the Financial Institutions & Insurance Committee. The sponsors are Senators Pedersen, Benton, Mullet, Fraser, Roach, Hobbs, Rivers, and Fain.
You can find a copy of the bill at: http://app.leg.wa.gov/billinfo/summary.aspx?bill=5263&year=2015.
The bill introduces a number of changes to how condominium and homeowner associations, cooperatives, and other types of common interest communities will operate.
