HB2614

Arizona HB2614 amends laws regarding condominium associations and common expense liens.

Arizona HB2614 modifies the Arizona Revised Statutes to change how condominium associations handle common expense liens and member expenses. The bill specifies that a condominium association has a common expense lien on a unit or property for any assessment from the time it becomes due. It also establishes that a judgment lien for member expenses arises after a judgment in a civil suit for those expenses. The bill mandates that associations provide statements of account to members and lienholders, and outlines the order in which payments should be applied to various debts.