October 01, 2013

CC&Rs Remain Subject to Statutory Modification

Andy Stone
How is Arizona law being applied retroactively to real estate transactions?

Future legislation may impact current covenants, conditions and restrictions (CC&R) obligations. In an important decision for all communities, homeowner associations, builders, and developers, the Arizona Court of Appeals recently held that new laws may apply retroactively to modify or eliminate CC&R provisions.

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