
Your HOA's Short-Term Rental Restrictions May be Illegal
Many Arizona homeowners' associations (HOAs) are tightening short-term rentals regulations, but are these restrictions legal? Whether enacted through board vote or majority decision, several of these bans may infringe on state law and individual property rights. If you live in a community with new rental restrictions, it's essential to understand what the law states and how to protect your interests.

New Short-Term Rental Law to Take Effect in August
New Arizona HOA Short-Term Rental Law
A new law impacting owners of short-term rentals will take effect in August. If you own property that you offer for short-term rentals or are considering getting into the short-term rental business, you need to make sure you are in compliance.
Second Mortgages and Lines of Credit
Arizona law prohibits a lender from filing a lawsuit to collect on a home loan where the loan represents “purchase money,” that is, money used to purchase the property. This includes purchase money loans that are technically denominated as “home equity lines of credit” taken out at the time of the original purchase of the home. It also includes first, second, and even third mortgages where the money was borrowed as part of the purchase of the property