AZ SB1365

Increases the notice period for property owners before filing a condemnation action from an unspecified timeframe to at least 120 days, requiring delivery of a written offer and appraisals.

Expands the definition of "just compensation" to explicitly include relocation costs and costs of reestablishing lost property, business, and livelihoods.

Requires the condemning party to provide full written disclosure of the final project details and an independent risk assessment prepared by an independent agent, with risk assessment including replacement costs for lost property, business, and livelihoods.

Modifies notice requirements for properties with multiple leases or no recorded leases, requiring posting at the property or direct delivery to all property interest holders of record.

Removes the requirement for the court to assess benefits from the condemnation project against damages to the remaining property when determining compensation.