HB 26-1316

House Bill 26-1316, which has been signed into law, will take effect on January 1, 2027. This bill stops new agreements from being made that force homeowners to join and pay for membership in private clubs as a condition of owning their property. Additionally, the bill requires these private clubs to provide detailed financial information about their operations to property owners through mail and on their public website. This law will affect homeowners who might be required to join private clubs when purchasing or maintaining their homes.

Official Summary

On and after January 1, 2027, the bill prohibits the recording of a new covenant or declaration that purports to encumber residential property by requiring the owner to acquire and pay for membership in a private membership club.The bill requires a private membership club to provide a property owner with certain information related to the budget and operations of the private membership club by mailing information to property owners and posting the information on the private membership club's public website.(Note: This summary applies to this bill as introduced.)

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