ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

Second Regular Session

House: LARA DP 9-0-0-0

HB 2129: improved lot or parcel; definition

Sponsor: Representative Griffin, LD 19

House Engrossed

Overview

Modifies the definition of improved lot or parcel to include a condominium.

History

Current law defines improved lot or parcel to mean a lot or parcel of a subdivision on which there is a residential, commercial or industrial building, or for which a contract has been entered into between a subdivider and a purchaser that obligates the subdivider directly or indirectly, through a building contractor, to completely construct a residential, commercial or industrial building on the lot or parcel within two years after the date of the contract (A.R.S. § 32-2101).

Condominium is defined as real estate, portions of which are designated for separate ownership and the remainder of which is designated for common ownership solely by the owners of the separate portions.  Real estate is not a condominium unless the undivided interests in the common elements are vested in the unit owners (A.R.S. § 33-1202).

Provisions

1.   ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteModifies the definition of improved lot or parcel to include a condominium that is completely constructed within four years of the subdivider entering a contract for sale. (Sec 1)

 

 

 

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                        HB 2129

Initials EB/KK          Page 0 House Engrossed

 

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