Assessments for common expenses; common surplus; reserves
- Statute:
- Arizona §33-1255 · Title 33-9 (Title 33 Ch. 9 — Condominium Act)
- Topic:
- Assessments & Finance · Assessments
- Applies to:
- Condo associations
Assessments for common expenses. Treatment of common surplus and reserve funds.
📄 Read the official text at azleg.gov →
How SoShiny helps with Assessments for common expenses; common surplus; reserves
SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge.
See the feature → Start freeFrequently asked
- What does Arizona §33-1255 require?
- Assessments for common expenses. Treatment of common surplus and reserve funds.
- Who does Arizona §33-1255 apply to?
- Arizona §33-1255 applies to Condo associations in Arizona.
- What happens if our condo doesn't comply with §33-1255?
- Non-compliance with ARS Title 33 can expose the association and individual directors to civil suit. Arizona HOA and condominium disputes go through OAH (Office of Administrative Hearings) under ARS §32-2199 for certain claims, or to civil court otherwise. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Arizona §33-1255?
- The official text is published by the Arizona Legislature at azleg.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Assessments for common expenses; common surplus; reserves?
- SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge. Learn more →
Not legal advice. This page is a plain-English summary of Arizona §33-1255 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Arizona-licensed attorney. For the official statutory text, see the link above.
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