Monaco IV Condominiums
TypeCondominium
You own a unit plus a share of the common elements; the association maintains the building and grounds.
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What Monaco IV Condominiums's governing documents say
Monaco IV Condominiums is a 4-unit condominium in Arizona City, AZ, governed by this Condominium Declaration. You own your unit and a share of the common elements; the association maintains common areas and exterior walls. All units must be used as residences.
- What you own & maintain: You own the interior of your unit, including interior partitions and fixtures serving only your unit. The association maintains all common elements, perimeter building walls, and limited common elements (like parking spaces) except where the unit owner is responsible. You must maintain your unit's interior and limited common elements allocated to you.
- Leasing & rentals: Leases must be in writing and subject to the declaration and rules. At least 10 days before the lease starts, the owner must provide the association with lease dates, lessee names, owner contact info, and emergency contact. The owner is liable for any violations by the lessee or their guests.
- Use & occupancy restrictions: Units may be used only as residences. No nuisance, offensive activity, or unlawful use is allowed. No exterior speakers, horns, or sound devices without board approval. Window coverings visible from outside require board approval.
- Pets: Only regularly kept household pets are allowed. Animals with a propensity for violence are prohibited. If a pet is disruptive (barking, defecating, etc.) to other owners, it may be removed by unanimous agreement of the other unit owners.
- Parking & vehicles: No inoperable vehicles may be stored or parked. Parking is allowed only in designated parking spaces. Mobile homes, trailers, campers, boats, and recreational vehicles may not be parked, kept, or repaired on the property. Vehicles parked in violation may be towed at the owner's expense.
- Alterations & improvements: Nonstructural interior alterations may be made without board approval, except changes to perimeter building walls. Any alteration visible from the exterior requires board approval. Structural changes need prior written board approval and an architect/engineer certification. The board may impose conditions including plans, insurance, security deposits, and contractor approval.
- Signs & antennas: No signs (including for-sale or for-rent) are permitted on the exterior or visible from outside. Outdoor antennas, satellite dishes, or similar devices are prohibited unless approved by the board, subject to applicable law.
Key facts from Monaco IV Condominiums's documents
- Community type
- Condominium (Title: MONACO IV CONDOMINIUMS)
- Legal name
- Monaco IV Condominiums
- Developer / declarant
- Maicom, Inc, an Arizona Corporation (Introductory paragraph; Section 1.2.16)
- Governing law
- Arizona Condominium Act, A.R.S. §33-1201 et seq. (Article 1, Section 1.1)
- Assessments & dues
- Board adopts budget each fiscal year; Common Expense Assessment is the total estimated Common Expenses allocated to each Unit in proportion to that Unit's Common Expense Liability (Section 2.6). Board may increase mid-year if funds inadequa (Sections 7.1.1, 7.2.1)
- Special assessments
- May be levied for capital improvements or other lawful purpose, must be approved by 2/3 of votes in Association (voting in person or by proxy at a meeting) (Section 7.3)
- Collections & liens
- Assessment Lien secures all Assessments, penalties, charges. Recording of Declaration perfects lien. Priority: first mortgages, taxes, liens recorded before declaration. Association may foreclose like realty mortgage. (Sections 7.5.2, 7.5.3, 7.5.5)
- Reserves & fees
- Board may establish reserves (7.1.1(d)); Reserve Contribution required from each new Owner (except certain transfers) in amount set by Board, can be increased up to 20% per year without member vote (7.10) (Sections 7.10, 7.1.1(d))
- Pets
- Only regularly kept household pets allowed (Section 4.4)
- Leasing & rentals
- Yes, but lease must be in writing and subject to Declaration and Rules; Owner must provide Association with lease info at least 10 days before term (Section 4.15)
- Parking & vehicles
- Parking spaces allocated as Limited Common Elements; only in designated Parking Spaces; inoperable vehicles prohibited (Sections 2.8.1(c), 4.6)
- Architectural approval
- Board approval required for structural alterations, alterations to Perimeter Building Walls, and any alteration visible from exterior; nonstructural interior alterations not requiring approval unless visible from exterior (Sections 4.3.1, 4.3.2)
- Signs & flags
- No signs (including For Sale or For Rent) permitted on exterior of any Building or visible from exterior (Section 4.11)
- Insurance
- Property insurance on Common Elements and Perimeter Building Walls at replacement cost; comprehensive general liability insurance with minimum $1,000,000 per occurrence, $2,000,000 aggregate (Sections 8.1.1(a), 8.1.1(b))
- Use restrictions
- All Units shall be used and occupied exclusively as residences (Section 4.1)
- Voting & meetings
- 9 total votes, allocated evenly among Units; tie-breaking vote to Unit Owner with longest fee interest (Section 2.7)
- Amendments
- Declarant may amend during Period of Declarant Control for compliance or error correction (1.2.18(f),(g)); reallocation of Limited Common Elements requires 67% member vote (2.8.3); boundary relocation requires affected owners' agreement and (Sections 1.2.18(f),(g), 2.8.3, 2.9)
About this HOA
Monaco IV Condominiums is a homeowners association in Arizona City, AZ.
HOAproxy has 1 document on file for Monaco IV Condominiums: 1 CC&R. Last updated 2026-06-14.