New Hampshire Condominium Law (RSA 356-B)
Condominium sales in New Hampshire are governed by the Condominium Act, RSA 356-B, which sets rules for how condominium interests are created, sold, and disclosed. This chapter covers the essentials a broker should know when listing or selling a condominium unit.
The Condominium Act
RSA 356-B, the New Hampshire Condominium Act, governs the creation and operation of condominiums, including the declaration, the association, common areas, and unit ownership. A condominium unit owner owns their unit plus an undivided interest in the common areas, and is subject to the declaration, bylaws, and association assessments. Brokers must understand this structure to describe a unit accurately to buyers.
Buyer Disclosure and Resale
The Condominium Act contains disclosure protections for purchasers, including the delivery of governing documents and information about the association. On a resale, the buyer generally needs the declaration, bylaws, rules, and association financial and assessment information to evaluate the purchase. A broker should confirm these materials are available so the buyer can review dues, restrictions, and any pending special assessments before closing.