AZ LEG Condo Expense Assessments

Updated on: Apr 9, 2025

Latest Event


  • Apr. 7, 2025 AZ LEG Governor Approval
  • On Apr. 7, 2025, AZ LEG reported governor approved bill HB 2322, assigned Ch. 46.
  • Bill provisions will become effective 91 days after session ends, i.e. Jul 26, 2025.

On Apr. 1, AZ LEG passed bill on determination of condo assessments.

  • AZ LEG passed HB 2322 on determination of condo common expense assessments.
  • Amended AZ LEG 33-1202 (definitions), AZ LEG 33-1217 (allocation of common element interests, votes, expense liabilities) AZ LEG 33-1255 (expense assessments).
  • Bill Provisions
  • Set common expense assessment relative to completion status of unit assessed.
  • Established assessment requirements if condominium includes commercial structures.
  • Common expense assessment is determined by whether commercial, residential, or both structures benefit from the common expense; assessment follows benefit.
  • Documentation of assessment determination to be available to unit owners if dispute.
  • Legislative History
  • On Jan. 21, 2025, bill introduced in House; on Feb. 25, 2025, bill passed in House.
  • On Mar. 3, 2025, bill introduced in Senate; on Apr. 1, 2025, bill passed in Senate.
  • Effectiveness
  • Upon approval, effective date for AZ bills is 91 days after session ends, Jul 26, 2025.
  • Apr. 7, 2025 AZ LEG Governor Approval
  • On Apr. 7, 2025, AZ LEG reported governor approved bill HB 2322, assigned Ch. 46.
  • Bill provisions will become effective 91 days after session ends, i.e. Jul 26, 2025.
Regulators
AZ LEG
Entity Types
CNSM; Corp
Reference
Ch. 46, 4/7/2025; Bill HB2322, 4/1/2025; Citation: AZ LEG 33-1202; AZ LEG 33-1217; AZ LEG 33-1255;
Functions
Compliance; Financial; Legal; Operations
Countries
United States of America
Category
State
N/A
Products
Corporate; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Apr 1, 2025
Effective Date
Jul 26, 2025
Rule ID
249373
Linked to
N/A
Reg. Last Update
Apr 7, 2025
Report Section
US Consumer