CHAPTER 182
HB 493 - FINAL VERSION
05apr01...0264h
2001 SESSION
08/01
HOUSE BILL 493
AN ACT exempting certain short term condominium unit owners' association rentals from the New Hampshire real estate practice act.
COMMITTEE: Executive Departments and Administration
This bill exempts a unit owners' association that rents condominium and townhouse units for 30 days or less from the real estate practice act, if the rentals are for the exclusive benefit of the unit owners and if they are managed through an on-site rental office operated by the unit owners' association.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05apr01...0264h
01-0564
08/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT exempting certain short term condominium unit owners' association rentals from the New Hampshire real estate practice act.
Be it Enacted by the Senate and House of Representatives in General Court convened:
182:1 Real Estate Practice Act; Exemption of Certain Short Term Rentals by Condominium Unit Owners' Associations. Amend RSA 331-A:4, VII - VIII to read as follows:
VII. Any person owning or operating a park, including the person's regular employees, in which manufactured housing to be sold or leased is located, who may, for a fee or commission or other valuable consideration, list, sell, purchase, exchange or lease such manufactured housing without a license of a broker or salesperson; [or]
VIII. A corporate consultant who receives a fee from a client based on site searching services rendered in accordance with a written contract, rather than on the completion of any particular transaction and who does not hold himself or herself out as a real estate broker; or
IX. A unit owners' association that rents condominium and townhouse units for periods of 30 days or less for the exclusive benefit of the unit owners and the unit owners' association provided such rentals are managed through an on-site rental office that is operated and controlled exclusively by the unit owners' association.
182:2 Effective Date. This act shall take effect 60 days after its passage.
(Approved: July 5, 2001)
(Effective Date: September 3, 2001)