No — Arizona does not require HOAs or condominium associations to perform reserve studies or to fund reserves at any particular level. However, at resale, A.R.S. § 33-1806 (planned communities) and A.R.S. § 33-1260 (condominiums) require disclosure of the total amount of money held by the association as reserves and a copy of the most recent reserve study, if any. There is no statutory study cycle or minimum funding requirement.
Verified against the statute 2026-07-06
The resale reserve disclosures apply to both condominiums (A.R.S. § 33-1260) and planned communities/HOAs (A.R.S. § 33-1806) of any size; in communities with fewer than 50 units or lots the seller furnishes the disclosures, while in larger communities the association must provide them. Neither act imposes any reserve obligation beyond these disclosures.
No statutory cycle — reserve studies are voluntary in Arizona; associations only have to hand over the most recent study if one exists.
No minimum reserve funding level, no funding formula, and no waiver framework. Reserve contributions are left to the board's judgment under its fiduciary duty and the community's governing documents.
When a unit or lot resells, the buyer must receive a disclosure package that includes the total amount of money the association holds as reserves and a copy of the association's most recent reserve study, if any (A.R.S. §§ 33-1260, 33-1806). If no study exists, none has to be created, but the reserve balance must still be disclosed.
Requires the resale disclosure package to include 'the total amount of money held by the association as reserves' and 'a copy of the most recent reserve study of the association, if any.'
Parallel condominium provision: resale disclosures must include the total amount held as reserves and a copy of the most recent reserve study, if any.
Fetched A.R.S. §§ 33-1806 and 33-1260 directly on azleg.gov (official) and confirmed both require resale disclosure of 'the total amount of money held by the association as reserves' and 'a copy of the most recent reserve study of the association, if any,' with the association furnishing disclosures within ten days in communities of 50 or more units/lots and the selling owner in smaller communities. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Arizona. Report an issue.
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