Bill > HB2095

This bill modifies Arizona statutes related to homeowners' associations (HOAs) by changing how declarations (governing documents) can be amended in both condominiums and planned communities. Specifically, the bill reduces the voting threshold for amending declarations from requiring 67% of all unit owners to instead requiring just three-fourths of owners present at a meeting where a quorum exists. This makes it easier for associations to make changes to their governing documents. The bill also includes provisions about design review committees, requiring that at least one board member serve as the chairperson of such committees, and establishes detailed procedures for handling security deposits related to construction projects, including requirements for formal reviews, reporting of construction compliance, and timely return of deposits. Additionally, the bill stipulates that plan approvals cannot unreasonably be withheld and clarifies that HOA approvals do not constitute a warranty of compliance with governmental or safety standards. These changes aim to provide more clarity and flexibility for HOAs while also protecting the rights of individual property owners.

Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/81773