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AZ HB2698

Bill

Status

Passed

4/9/2024

Primary Sponsor

Neal Carter

Click for details

Origin

House of Representatives

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Adds section 33-1820 to Arizona Revised Statutes governing declarant control in planned communities.

  • Requires all declarations providing for declarant control to specify a termination date or method for calculating the termination date.

  • Mandates that declarant control terminates no later than when the second to last lot in the planned community is conveyed to a buyer, regardless of what community documents provide.

  • Requires the association to maintain common areas at the same level the declarant provided and prohibits the association from impeding the declarant's ability to develop, construct, and sell remaining lots or access common areas.

Legislative Description

Declarant control; planned communities

Planned Communities

Last Action

Chapter 124

4/9/2024

Committee Referrals

Rules3/4/2024
Finance and Commerce2/26/2024
Rules2/1/2024
Regulatory Affairs2/1/2024

Full Bill Text

No bill text available