Ariz. Admin. Code § 4-28-A1213

Current through Register Vol. 30, No. 50, December 13, 2024

Section R4-28-A1213 - Property Owners' Association

The applicant shall provide the following information about a property owner's association:

1. The name of the association, if any;

2. The name of the master property owners' association, if any;

3. The amount of the association assessment that property owners will be required to pay, and how it will be paid;

4. Whether the association is legally formed and operational;

5. When and under what conditions control of the association will be released to lot purchasers;

6. When and under what conditions title to the common areas will be transferred to the association;

7. Whether the common areas are subject to any lien or encumbrance. If yes, explain how purchasers' use and enjoyment of common areas will be protected in the event of default;

8. Whether all lot owners will be required to be members of the association. If not, explain;

9. Whether nonmembers will be liable for payments to the association; and

10. A copy of the Articles of Incorporation and Bylaws in effect.

Ariz. Admin. Code § R4-28-A1213

Section R4-28-A1213 adopted by final rulemaking at 5 A.A.R. 650, effective February 3, 1999 (Supp. 99-1).