An Act Establishing The Maine Common Interest Ownership Act

LD 760 would establish Maine's version of the Common Interest Ownership Act, based on the 2021 Uniform Common Interest Ownership Act. This bill would create a standardized legal framework for properties owned in common interest communities, such as condominiums, townhouse developments, and planned communities. It would directly affect property owners, homeowners' associations, and developers by setting clear rules for governance, maintenance responsibilities, and dispute resolution. The act adopts a uniform model to replace Maine's current patchwork of laws governing these communities.