Condo Media - August 2018 - 54

The Region

NEW HAMPSHIRE

Condominium Act Loophole Closed
Governor Signs New Hampshire Bill into Law
[by Thomas W. Aylesworth, Esq.]

New Hampshire Gov. Chris Sununu
recently signed into law a bill
that closed a loophole in the New
Hampshire Condominium Act (the
"Act"). The loophole, as recognized
and enforced by the New Hampshire
Supreme Court in a recent decision,
allowed condominium developers to
phase-in new units indefinitely into
the future. The new law closes the
loophole and prevents developers
from avoiding the Act's provisions that
impose a time limit on the developer's
phasing rights. The new law promotes
the general intent of the Act to serve
the interests of the public and provide
certainty to prospective and existing
condominium unit owners. To under-

54

CONDOMEDIA August 2018

stand the impact of the new law, it is
helpful to review certain features of
the Act, including provisions that demonstrate an obvious legislative intent
to serve the public interest.
PROTECTING THE PUBLIC
The New Hampshire Condominium Act
is probably not on your upcoming summer reading list. The Act, codified at
RSA 356-B, contains no fewer than 70
sections, including numerous lengthy
and detailed provisions establishing
requirements that a condominium
developer-referred to in the Act as
the "Declarant"-must satisfy when
creating a condominium. Many of the
Act's provisions require the Declarant

to make a written record, including the
condominium "Declaration," which is
a complex legal document that must
include highly detailed information
about the condominium. The Declarant
must also prepare site plans showing
the location of buildings and amenities,
and floor plans depicting the layouts of
the units. All of the materials must be
submitted in a public offering statement
for approval by the New Hampshire
Attorney General's Office. Once approved, the Declarant must record the
instruments and materials with the
local Registry of Deeds, and upon the
recording, a condominium is born.
What is the Act's purpose in requiring
the Declarant to go through a fairly



Table of Contents for the Digital Edition of Condo Media - August 2018

Contents
Condo Media - August 2018 - Cover1
Condo Media - August 2018 - Cover2
Condo Media - August 2018 - Contents
Condo Media - August 2018 - 2
Condo Media - August 2018 - 3
Condo Media - August 2018 - 4
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Condo Media - August 2018 - Cover3
Condo Media - August 2018 - Cover4
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