HB 2129
Initials EB/KK Page 1 House Engrossed
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. Modifies 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)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note