Bill > HB2172

This bill establishes a mandatory expiration date for homeowner's association (HOA) declarations, which are the legal documents governing planned communities, and mandates the dissolution of the associated HOAs. Specifically, it states that every HOA declaration will expire and become unenforceable, and the HOA itself will dissolve, on January 1, 2127, or 100 years after the original declaration was recorded, whichever is later. Importantly, any amendments to the original declaration or the creation of new communities from existing ones will not restart this 100-year period. Following expiration and dissolution, the HOA will wind down its affairs as required by law, and property owners in the former planned community will have the option to voluntarily reestablish a planned community under existing legal provisions.

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https://apps.azleg.gov/BillStatus/BillOverview/83835