AN ACT RELATING TO PROPERTY -- CONDOMINIUM LAW (Requires condominium associations to charge a reduced fee to update a condominium resale certificate after issuance of the initial certificate.)

S2702

2026 -- S 2702
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LC005728
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STATE OF RHODE ISLAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2026
____________
A N A C T
RELATING TO PROPERTY -- CONDOMINIUM LAW

Introduced By:
Senators Murray, and Thompson

Date Introduced:
February 27, 2026

Referred To:
Senate Housing & Municipal Government
It is enacted by the General Assembly as follows:
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SECTION 1. Section 34-36.1-4.9 of the General Laws in Chapter 34-36.1 entitled
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"Condominium Law" is hereby amended to read as follows:
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34-36.1-4.09. Resale of units.
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(a) Except in the case of a sale where delivery of a public offering statement is required, or
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unless exempt under § 34-36.1-4.01(b), a unit owner shall furnish to a purchaser before execution
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of any contract for sale of a unit, or otherwise before conveyance, a copy of the declaration (other
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than the plats and plans), the bylaws, the rules or regulations of the association, and a certificate
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containing:
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(1) A statement disclosing the effect on the proposed disposition of any right of first refusal
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or other restraint on the free alienability of the unit;
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(2) A statement setting forth the amount of the monthly common expense assessment and
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any unpaid common expense or special assessment currently due and payable from the selling unit
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owner;
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(3) A statement of any other fees payable by unit owners;
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(4) A statement of any capital expenditures anticipated by the association for the current
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and two (2) next succeeding fiscal years;
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(5) A statement of the amount of any reserves for capital expenditures and of any portions
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of those reserves designated by the association for any specified projects;
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(6) The most recent regularly prepared balance sheet and income and expense statement,

1
if any, of the association;
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(7) The current operating budget of the association;
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(8) A statement of any unsatisfied judgments against the association and the status of any
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pending suits in which the association is a defendant;
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(9) A statement describing any insurance coverage provided for the benefit of unit owners;
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(10) A statement as to whether the executive board has knowledge that any alterations or
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improvements to the unit or to the limited common elements assigned thereto violate any provision
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of the declaration;
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(11) A statement as to whether the executive board has knowledge of any violations of the
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health or building codes with respect to the unit, the limited common elements assigned thereto, or
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any other portion of the condominium; and
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(12) A statement of the remaining term of any leasehold estate affecting the condominium
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and the provisions governing any extension or renewal thereof.
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(b)(1) The association, within ten (10) days after a request by a unit owner, shall furnish a
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certificate containing the information necessary to enable the unit owner to comply with this
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section.
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(2) The association may require a unit owner to pay a fee that does not exceed
:
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(i)

one

One
hundred twenty-five dollars ($125) to prepare and provide an electronic version
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or physical version of the resale certificate
; or
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(ii) Twenty-five dollars ($25.00) to provide an updated electronic version or physical
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version of resale certification
.
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(3) In addition to those remedies as set forth in § 34-36.1-4.17, any association that fails to
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provide a certificate to the unit owner within ten (10) days of a written request by the unit owner is
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subject to a civil penalty of not less than one hundred dollars ($100) nor more than five hundred
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dollars ($500) per occurrence.
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(4) A unit owner providing a certificate pursuant to subsection (a) is not liable to the
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purchaser for any erroneous information provided by the association and included in the certificate.
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(c) A purchaser is not liable for any unpaid assessment or fee greater than the amount set
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forth in the certificate prepared by the association. A unit owner is not liable to a purchaser for the
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failure or delay of the association to provide the certificate in a timely manner, but the purchaser
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contract is voidable by the purchaser until the certificate has been provided and for five (5) days
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thereafter or until conveyance, whichever first occurs.

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SECTION 2. This act shall take effect on September 1, 2026.
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LC005728
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EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO PROPERTY -- CONDOMINIUM LAW
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This act would require condominium associations to charge a reduced fee to update a
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condominium resale certificate after issuance of the initial certificate.
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This act would take effect on September 1, 2026.
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LC005728
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LC005728 - Page 4 of 4