This bill proposes significant updates to the statutes governing condominium and planned community associations in Arizona. Under the new provisions, the threshold for a unit owner to be considered delinquent for the purpose of foreclosure on a common expense lien will increase from $1,200 to $10,000. Additionally, the period of delinquency required for foreclosure will extend from one year to eighteen months. For special assessments with an initial value of $10,000 or more, only the eighteen-month delinquency requirement will apply, streamlining the process for associations.

The bill also includes technical amendments and clarifications, such as the restoration of definitions related to common expense liens and unit owner expenses. It mandates that associations must provide written notice to unit owners regarding delinquent accounts and offer reasonable payment plans before initiating foreclosure actions. Furthermore, it clarifies that common expense liens have equal priority if multiple associations have liens on the same property and establishes that these liens must be enforced within six years of the assessments becoming due. Overall, these changes aim to provide clearer guidelines and protections for both associations and unit owners.

Statutes affected:
Introduced Version: 33-1202, 33-1256, 33-1802, 33-1807, 33-1241, 33-1246, 33-1217, 33-1255, 33-1243, 33-1212, 6-801, 33-741, 33-1242, 33-1801
Senate Engrossed Version: 33-1256, 33-1807
Chaptered Version: 33-1256, 33-1807