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AZ HB2570

Bill

Status

Introduced

2/12/2014

Primary Sponsor

Jonathan Larkin

Click for details

Origin

House of Representatives

Fifty-first Legislature - Second Regular Session (2014)

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Full Bill Text

No bill text available