Physicians Cooperative of Casa Grande

Key facts from Physicians Cooperative of Casa Grande's documents

Community type

Condominium (Title)

Legal name

Physicians Cooperative of Casa Grande, A Condominium

Developer / declarant

Professional Medical Plaza, d/b/a Physicians Cooperative of Casa Grande, LLC, an Arizona limited liability company (Opening paragraph and Recitals)

Governing law

Arizona Revised Statutes Sections 33-1201 through 33-1270 (Section 1.1)

Assessments & dues

Not fixed; determined annually by Board via budget. (Section 10.1, Section 10.2)

Special assessments

Special assessments may be made by the Board to meet special needs, but must be approved by a majority of the Owners. (Section 8)

Collections & liens

Delinquent sums, late charges, accrued interest, costs and reasonable attorneys' fees constitute a lien on the Unit; lien is subordinate to a prior recorded first mortgage except for post-foreclosure assessments. Association may foreclose a (Section 10.3 and Section 17)

Reserves & fees

Board shall maintain an adequate reserve fund for maintenance, repair and replacement of Common Elements that must be replaced on a periodic basis, as reasonably anticipated by prudent persons. (Section 10.1)

Pets

No animals of any kind shall be raised, bred, or kept in any Unit or Common Elements. (Section 16.4; also Exhibit F Rule 3: 'Pe)

Leasing & rentals

Yes, but lease must be in writing, for a period of not less than 30 days, and must specifically provide that it is subject to Condominium Documents and that failure to comply constitutes default. (Section 16.7)

Parking & vehicles

Each Unit has exclusive use of covered parking spaces shown on Exhibit E; Association manages unassigned spaces. Parking for operative automobiles, passenger vans, small trucks (not exceeding 3/4 ton). No trucks >3/4 ton, commercial vehicle (Paragraph 4 and Exhibit F Rule 12)

Fences

Not specifically addressed; likely subject to ARC approval.

Architectural approval

Yes, Architectural Control Committee approval required for any construction, alteration, replacement or repair of structural nature, and for any other matter requiring approval under Architectural Control Guidelines. (Section 15 and Exhibit F Rule 18)

Signs & flags

No sign of any kind displayed to public view from any Unit or Common Elements without Association approval, except signs used by Declarant in connection with development and sale. Association will promulgate uniform sign criteria. (Section 16.3)

Maintenance

Redeocrating of Units made necessary by maintenance, repair or replacement work on Common Elements by the Association shall be furnished by the Association as part of Common Expenses. (Exhibit F Rule 17)

Insurance

Each Owner must maintain commercial general liability insurance with minimum limits: $1,000,000 per occurrence; $2,000,000 general aggregate; $1,000,000 products/completed operations aggregate; $1,000,000 personal and advertising injury; $5 (Section 12)

Use restrictions

No; property limited to medical offices or related purposes (e.g., pharmacy, massage therapy). (Section 16.1)

Voting & meetings

During Declarant control period, only Declarant holds voting membership; other members non-voting. After termination, each member votes according to percentage interests per Exhibit D, but for actions requiring majority vote, each Owner rec (Section 7)

Amendments

By written instrument signed by a majority of the Owners of all Condominiums not owned by Declarant, and with prior written consent of a majority of Mortgage Holders (based on one vote per mortgage owned). Cannot be amended during Declarant (Section 18)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.