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HOUSE BILL 2224 |
HOUSE AUTHOR: Solomons |
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EFFECTIVE: See below |
SENATE SPONSOR: Shapiro |
House Bill 2224 amends the Property Code to require a seller of certain residential real estate that is subject to membership in a property owners' association to provide notice of such membership to the purchaser of the property and prescribes the language of the notice. The act also requires a property owners' association to file the dedicatory instrument governing the association in the real property records of each county in which the property is located not later than January 1, 2000.
The act takes effect September 1, 1999, except for provisions relating to notice of property owners' association membership, which take effect January 1, 2000, and apply only to an executory contract that is binding on a seller and purchaser on or after that date.