Escrow & Title
Arizona requires that real estate sellers provide buyers with a disclosure statement about homeowner associations (HOAs). This disclosure must include:
AOnly the monthly HOA dues
BThe HOA's financial statements, CC&Rs, bylaws, and any pending assessments✓ Correct
COnly information about the HOA's amenities
DA 5-year history of HOA fee increases
Explanation
Arizona law (A.R.S. § 33-1806) requires sellers to provide buyers with HOA documents including the CC&Rs, bylaws, rules and regulations, financial statements, and disclosure of any pending assessments or special charges.
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