HB 2397
homeowners' associations; property covenants; disclosures
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill updates Arizona law regarding disclosures required when selling properties in homeowners' associations and planned communities. It mandates that sellers provide potential buyers with detailed information about the association’s bylaws, rules, financial status, and any outstanding issues with the property. The bill also establishes fees and penalties for failing to comply with these disclosure requirements, aiming to increase transparency for prospective homeowners.
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