Arizona SB1246 modifies laws regarding common expense liens and special assessments for homeowners' associations (HOAs).

Arizona SB1246 amends the Arizona Revised Statutes to redefine common expense liens and special assessments for homeowners' associations (HOAs). It specifies that HOAs have a common expense lien on properties for valid assessments from the time they become due. HOAs can foreclose on these liens if the property owner has been delinquent for eighteen months or $10,000, whichever comes first. Member charges are not enforceable as common expense liens, but the HOA has a judgment lien for these charges after a court judgment and recording.

Arizona SB1246 modifies laws regarding common expense liens and special assessments for homeowners' associations (HOAs).

Arizona SB1246 amends the Arizona Revised Statutes to redefine common expense liens and special assessments for homeowners' associations (HOAs). It specifies that HOAs have a common expense lien on properties for valid assessments from the time they become due. HOAs can foreclose on these liens if the property owner has been delinquent for eighteen months or $10,000, whichever comes first. Member charges are not enforceable as common expense liens, but the HOA has a judgment lien for these charges after a court judgment and recording.