Community Associations

January 1 Deadline for Preventative Maintenance Plans, Schedules and Budgets

Minnesota Statutes Chapter 515B, the Minnesota Common Interest Ownership Act (“MCIOA”), was amended in 2017 to establish new requirements regarding preventative maintenance plans, maintenance schedules and maintenance budgets.   The specific requirements vary depending on the date that the common interest community (“CIC”) was created.  This article is limited to the requirements that apply to CIC’s created before August 1, 2017.

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