This bill proposes significant updates to the statutes governing condominiums and planned communities in Arizona. Currently, amendments to the declaration can only be made by a vote of at least sixty-seven percent of the unit owners, but the bill would change this requirement to an affirmative vote or written consent of at least three-fourths of the unit owners present at a meeting where a quorum is established. This change aims to streamline the amendment process and increase participation among unit owners.

Additionally, the bill clarifies that notwithstanding any provisions in the declaration, amendments can be made by the association or property owners with the same three-fourths majority requirement at a meeting with a quorum. It also modifies the language regarding the association's ability to charge a security deposit for construction projects, changing "permit" to "allow" to ensure clarity in the association's authority. Overall, these updates are intended to enhance governance and operational efficiency within condominiums and planned communities.

Statutes affected:
Introduced Version: 33-1227, 33-1817, 33-1220, 33-1206, 33-1216, 33-1218, 33-1222, 33-1223, 33-1228, 33-1243, 33-1211