Property Owners' Association Act; operation and management of assoc., condemnation of common area.

Summary

The bill directs that, in condemnation proceedings, the physical traits of a property owners’ association’s common‑area land must be considered to determine its highest and best use and thus its fair market value. It impacts homeowners’ associations and the owners of properties within them when shared land is taken or damaged by the government. The aim is to ensure more accurate compensation for the loss of common areas.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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