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New trend? Homes across the valley being sold in fractional interests…(AZ)

/ Owner - September 29, 2020

Our firm recently became aware of a home within an HOA community that is being offered for sale in fractional interests. (i.e. the owner of the home is selling the home in 1/8th interests). The HOA wanted to know what its legal rights and remedies are. The HOA had concerns with the possibility of many short-term renters, numerous people coming and going from the property, and it being a potential commercial business. Our firm immediately reviewed the HOA’s CC&Rs, only to find out they did not have a provision prohibiting timeshares.    Read the article……………………………..

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