The bill HB2119 amends existing Arizona law regarding fees charged by homeowner associations during property transfers. Under the current law, associations are prohibited from charging transfer fees for property transfers that involve nominal or no consideration, particularly between familial, business, or trust parties. The new bill language specifies that associations cannot charge any fees for these transfers, except for service fees related to the administration of association records, provided these fees are authorized in a managing agent contract.

Additionally, the bill clarifies the exceptions to the prohibition on transfer fees, ensuring that the only permissible charges are those specifically related to record administration. This change aims to protect property owners from unexpected fees during transfers while allowing associations to cover necessary administrative costs. Overall, the bill seeks to enhance transparency and fairness in property transactions involving associations.

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