The bill HB2119 amends Arizona Revised Statutes section 33-442, which pertains to condominiums and planned communities. The bill specifically prohibits associations from charging certain fees for the transfer of property between familial, business, or trust parties when the transfer involves nominal or no consideration. The only exception to this prohibition is for service fees related to the administration of association records as authorized in a managing agent contract with the association. This amendment aims to prevent associations from imposing additional costs on property transfers among closely related individuals or entities where the transfer is not a traditional sale with significant financial consideration.

Statutes affected:
Introduced Version: 33-1260, 33-1806, 33-1256, 11-1134, 32-2183, 32-2197.02, 32-2181.02
House Engrossed Version: 33-442
Senate Engrossed Version: 33-442
Chaptered Version: 33-442