Condo Media - July 2018 - 40
MANY BILLS TO FOLLOW, LITTLE ACTION TO REPORT
RHODE ISLAND
Non-binding Arbitration
If you heard members of the Rhode
Island Legislative Action Committee
(RILAC) singing "Ding-Dong! The
Witch Is Dead" from the Wizard
of Oz recently, it was because they
were celebrating the withdrawal of a
bill that would have mandated nonbinding arbitration of condominium
disputes if requested either by owners
or association boards. The RILAC has
strenuously opposed the measure,
If you heard the Rhode Island
Legislative Action Committee
singing"Ding-Dong! The Witch Is
Dead," they were celebrating the
withdrawal of a bill that would
have mandated non-binding
arbitration of condominium
disputes if requested either by
owners or association boards.
which had been introduced in the
past two legislative sessions, arguing
that it was unnecessary, costly, and
inefficient, adding another step to
the litigation process (because either
party could reject the mediator's decision and pursue court action) without
speeding resolution of their dispute.
When it appeared that the measure
had a good chance of winning approval last year, the RILAC proposed
a series of amendments, designed,
committee co-chairs Edmund Allcock
and Frank Lombardi explained, to
make a generally distasteful bill more
palatable. The bill's sponsor rejected
the changes without explanation and
then withdrew the measure, also without explaining why.
Whatever the reason, "it's gone for
now," Allcock, a partner in Marcus,
40
CONDOMEDIA July 2018
Errico, Emmer & Brooks, PC, observed.
"And we're very happy about that."
REALTOR Initiative
RILAC members are not at all happy
about another still-pending measure
that would cap at $250 the fee condominium associations can charge for
preparing a resale certificate and would
fine associations $1,000 if they fail to
provide the certificate within 10 days
of receiving a request, as required by
statute. There are problems with both
provisions, Allcock and Lombardi, a
partner in Goodman, Shapiro, Lombardi, LLC, say.
Real estate brokers, who are backing this measure and similar ones
nationwide, say the resale certificate
is "just a simple form," but there
is nothing simple about it, Allcock
notes. It requires extensive, detailed
information-about potential building
code violations, litigation pending or
anticipated, and reserve funding, among
other areas. Compiling that information
and verifying its accuracy often requires
considerable time and labor by association managers and attorneys, Allcock
says; and $250 doesn't always cover
those costs.
The penalty for failing to meet the 10day response deadline is unjustified and
unfair, Lombardi says, noting that the
problem is not that boards or managers
move too slowly to provide the certificates, but that brokers typically request
them "at the last minute."
Condo Media - July 2018
Table of Contents for the Digital Edition of Condo Media - July 2018
Contents
Condo Media - July 2018 - Cover1
Condo Media - July 2018 - Cover2
Condo Media - July 2018 - Contents
Condo Media - July 2018 - 2
Condo Media - July 2018 - 3
Condo Media - July 2018 - 4
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Condo Media - July 2018 - Cover3
Condo Media - July 2018 - Cover4
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