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AZ HB2570
Bill
Status
2/12/2014
Primary Sponsor
Jonathan Larkin
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AI Summary
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Adds requirement that condominium boards must submit substantial changes to common elements involving security or outside appearance to a membership vote, with the vote being binding on the condominium and board.
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Limits regular assessment increases to no more than 20 percent greater than the preceding fiscal year's assessment unless the condominium documents provide for a lower limit, unless a majority of unit owners approve a higher increase.
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Allows unit owners to withhold assessment payments if the association fails to maintain common elements in a manner affecting health, safety, or structural integrity, provided written notice is given and the failure is not corrected within 60 days; withheld assessments are forgiven upon correction.
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Unit owners are not liable for assessments accrued during the maintenance failure period once the issue is corrected and they receive written notice, though they must pay subsequent assessments.
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Clarifies that payments received on member accounts shall be applied first to unpaid assessments and related fees, then to other unpaid charges, unless the member directs otherwise.
Legislative Description
Condominiums; substantial change; maintenance; assessments
Last Action
Referred to House GOV Committee
2/13/2014