RSMo §448.3-105
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Uniform Condominium Act — Termination of Contracts and Leases of Declarant
After the owner-elected board takes office, the association may terminate — without penalty, on not less than 90 days' notice — any management contract, employment contract, or lease of recreational or parking facilities entered into before that board took office, any other contract or lease between the association and the declarant or a declarant affiliate, and any contract or lease that was not bona fide or was unconscionable when made. Does not apply to leases whose termination would terminate or shrink the condominium (unless structured to evade the section).
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Statutory Text
Verified Jul 8, 2026 · REVISOR_MO_GOV
448.3-105. Termination of contracts and leases of declarant. — If entered into before the executive board elected by the unit owners pursuant to subsection 6 of section 448.3-103 takes office, (1) any management contract, employment contract, or lease of recreational or parking areas or facilities, (2) any other contract or lease between the association and a declarant or an affiliate of a declarant, or (3) any contract or lease that is not bona fide or was unconscionable to the unit owners at the time entered into under the circumstances then prevailing, may be terminated without penalty by the association at any time after the executive board elected by the unit owners pursuant to subsection 6 of section 448.3-103 takes office upon not less than ninety days' notice to the other party. This subsection does not apply to any lease the termination of which would terminate the condominium or reduce its size, unless the real estate subject to that lease was included in the condominium for the purpose of avoiding the right of the association to terminate a lease under this section.
Governance
| Ref | Requirement |
|---|---|
| A new owner-controlled board is not stuck with the developer's sweetheart contracts — ninety days' notice ends them, penalty-free. |
Other sections in this chapter
- RSMo §448.005 — Condominium Property Act — Title of Law
- RSMo §448.1-101 — Uniform Condominium Act — Short Title
- RSMo §448.1-102 — Uniform Condominium Act — Applicability
- RSMo §448.3-102 — Uniform Condominium Act — Powers of Unit Owners' Association
- RSMo §448.3-103 — Uniform Condominium Act — Executive Board Members and Officers
- RSMo §448.3-108 — Uniform Condominium Act — Meetings
- RSMo §448.3-113 — Uniform Condominium Act — Insurance
- RSMo §448.3-115 — Uniform Condominium Act — Assessments for Common Expenses
- RSMo §448.3-116 — Uniform Condominium Act — Lien for Assessments
- RSMo §448.3-118 — Uniform Condominium Act — Association Records
- RSMo §448.4-109 — Uniform Condominium Act — Resales of Units
Legal Topics
Legal references last verified July 8, 2026.
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