AZ HB2626

Modifies disclosure requirements for condominium and planned community resale transactions by removing the distinction between associations with fewer than 50 units versus 50 or more units, requiring uniform disclosure procedures for all associations.

Reduces maximum transfer fees from $400 to $100 when sellers provide their own disclosure documents or when buyers waive receipt of disclosure documents, while maintaining the $400 cap for associations providing disclosures.

Clarifies that association disclosure documents are not required to be purchased and cannot be made a condition of property title transfer.

Requires design review committees in planned communities to include at least one board member serving as chairperson and establishes detailed procedures for construction project approvals, including security deposit trust accounts, final design approval meetings, and on-site formal reviews.

Establishes new requirements for revising declarations or architectural/design guidelines, requiring signatures from at least one property owner from each lot in the community, valid for one year, with exclusion for revisions that reduce rather than increase property use restrictions.