IowaIowa law requires owner associations to disclose property charges
The law requires association records to disclose property charges and lets sellers request free inspection report sections related to a buyer's repair requests.
What it does
Association records must show whether dues and other charges are paid in full or overdue. They must also identify approved future charges and disclose all fees for transferring ownership.
Association record fees are capped by estimated production or copying costs, or reasonable costs to prepare payment statements. Owners or their authorized agents can request documents supporting the charge.
Sellers can request free inspection report sections related to a buyer's repair requests. If the buyer or their agent fails to provide them, sellers may cancel the contract without penalty.
Argument forDisclosing unpaid dues, approved future charges, and ownership transfer fees could help people understand the costs tied to a home.
Argument againstBuyers could lose a purchase deal if they request repairs but fail to give sellers the related inspection report sections.
More detail
Unit owners associations must include payment certifications and ownership transfer fee disclosures in their records. These records concern charges from unit owners associations and ownership transfers within communities covered by those associations. The payment statement must identify future dues, fees, or assessments formally approved by the association for later payment.
Associations, their designated representatives, and their management companies may charge reasonable fees for providing records. A unit owner or the owner's authorized agent must receive reasonable documentation supporting the fee if they request it. Fees cannot exceed estimated record production or copying costs, or reasonable costs to prepare and provide the statement of paid and unpaid charges.
Buyers or their authorized agents must give sellers the inspection report sections related to requested repairs when sellers ask. The disclosure covers portions of the home inspection report related to requests by the buyer or the buyer's authorized agent to fix problems. Sellers receive the applicable report sections without charge. If the buyer or the buyer's authorized agent fails to provide those sections, the seller may cancel the purchase contract without penalty.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 30Signed by Governor Kim Reynolds.Became Law
- Apr 30Reported correctly enrolled, signed by President and Speaker, and sent to Governor.To Governor
- Apr 6Message from Senate.
- Vote recorded Shall the bill pass? Result: pass.Upper
- Apr 6Immediate message.
- Apr 6Passed Senate, yeas 47, nays 0.Major
- Apr 6Senate concurred with S-5129.
- Mar 30Explanation of vote.
- Mar 24Message from House, with amendment S-5129.
- Vote recorded Shall the bill pass? Result: pass.Lower
- Mar 24Immediate message.
- Mar 24Passed House, yeas 95, nays 0.Passed 2nd Chamber
- Mar 24Amendment H-8244 adopted, as amended.Major
- Mar 24Amendment H-8257 to amendment H-8244 adopted.Major
- Mar 23Amendment H-8257 filed.Minor
- Mar 19Amendment H-8244 filed.Minor
- Mar 19Placed on calendar.
- Mar 19Committee vote: Yeas, 22. Nays, 0. Excused, 1.
- Mar 19Committee report, recommending passage.Minor
- Mar 11Subcommittee recommends passage.Minor
- Mar 10Subcommittee Meeting: 03/11/2026 12:30PM RM 102.
- Mar 10Subcommittee reassigned: Nordman, Judge and Young.
- Mar 9Subcommittee: Young, Blom and McBurney.
- Mar 5Read first time, referred to Commerce.Minor
- Vote recorded Shall the bill pass? Result: pass.Upper
- Mar 5Message from Senate.
- Mar 5Immediate message.
- Mar 5Passed Senate, yeas 42, nays 0.Passed 1st Chamber
- Feb 23Committee report, approving bill.Minor
- Feb 23Introduced, placed on calendar.Introduced
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