Under Arizona law, owners are able to inspect and have copies of a large portion of an association’s books and records. And, that is a good thing! Associations should be transparent and welcome owners to take a look at things more carefully. Arizona law provides clear direction on what owners can and cannot see under a records request. Under A.R.S. [...]
I was recently asked the following question… The treasurer for our association is refusing to give other board members any of our association’s financial records, including bank statements. 3/5 of our board members worry that the treasurer may be embezzling the association’s money. What can we do as a board to get this situation under control? One of a board [...]
HOA and condo owners in Arizona have broad legal rights to inspect and copy their association’s books and records. In fact, there are very few association records an association can withhold from disclosure to its members. Arizona law requires planned communities (A.R.S. Section 33-1805) and condominiums (A.R.S. Section 33-1258) to make all financial and other records of the association reasonably [...]
I’m often asked for a quick 5 minute summary of what board members need to know to stay out of trouble while they are serving on their board. Here is a quick overview of a board member’s responsibilities. 1. Run the association as a business (for example, use licensed, bonded and insured vendors). 2. Follow your association’s documents and the [...]
Your Board, or management company, received a records request from a member – what should you do next? First, it is important to keep in mind that Arizona law requires Planned Communities (A.R.S. Section 33-1805) and Condominiums (A.R.S. Section 33-1258) to make all financial and other records of the association reasonably available for examination by a member or a member’s [...]
