Bill > SB1806

This bill modifies Arizona law regarding homeowner associations (HOAs) by creating a new process for amending declarations, which are the governing documents for condominiums and planned communities. Specifically, if at least 95% of the units in a condominium or properties in a planned community have been sold to individuals other than the original developer (declarant), the HOA's board of directors or the members themselves can call a special meeting to propose an amendment. Notice of this meeting and the proposed amendment must be provided at least 60 days in advance, with the full text of the amendment also made available to all members during that same period. If a majority of those voting at the meeting approve the amendment, it becomes effective upon recording with the county recorder. This new process aims to streamline amendments when the declarant's control has largely diminished. The bill also makes minor technical changes to existing language regarding amendment procedures and committee membership.

Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/85476