2.1 “Planned Community” Defined
| Jurisdiction | Arizona |
§ 2.1 “Planned Community” Defined
A “planned community” under Arizona law is defined as a “real estate development which includes real estate owned and operated by a nonprofit corporation or unincorporated association of owners, created for the purpose of managing, maintaining or improving property, and in which the owners of separately owned lots, parcels or units are mandatory members and are required to pay assessments to the association for these purposes.” 199 It also includes real estate...
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