HB2743

Arizona HB2743 amends condominium association rules to limit late fees and establish damages for unlawful provisions.

Arizona HB2743 amends the Arizona Revised Statutes to modify rules for condominium associations. It limits late fees for unpaid assessments to the greater of $15 or ten percent of the unpaid amount, requiring notice before imposition. The bill also outlines a process for unit owners to respond to notices of violations and mandates that associations respond with written explanations. Additionally, it establishes damages for associations that fail to amend or remove unlawful provisions after receiving written notices from unit owners, with escalating penalties for repeated failures.