Who must provide the buyer with the homeowner's association rules for a complex having more than 50 units?

The homeowner's association (HOA) is responsible for providing the buyer with the rules and regulations governing the community in a complex with more than 50 units. This requirement is rooted in the Arizona Revised Statutes, which ensure that prospective buyers have access to important information about the community they are considering joining. The rules could cover various aspects, such as pet regulations, maintenance responsibilities, and community guidelines that affect everyday living.

This provision is designed to promote transparency and inform potential buyers about the governance of the community before they make a purchasing decision. By receiving these documents from the association, buyers can better understand their obligations and the community dynamics they will be entering, allowing for a more informed choice regarding their investment.

While the seller, escrow, and broker may have roles in the transaction, the specific obligation to furnish the HOA rules lies with the association. This ensures that the information provided is accurate and up-to-date, reflecting the governing rules of the community.