Maryland Condominium Act Update – Unit Owner Responsibility for the Deductible Increases

An amendment to the Maryland Condominium Act, passed during the 2020 session of the Maryland General Assembly, will take effect October 1, 2020. Currently, the association can charge up to $5,000 of the master policy deductible to the unit owner where damage originated. The new amendment will increase that cap to $10,000 of the deductible.…