Aspen Springs Condominium Association of Chandler

Key facts from Aspen Springs Condominium Association of Chandler's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and throughout)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.1)

Assessments & dues

Board of Directors adopts a budget each fiscal year and assesses Common Expenses against each Unit in proportion to its Common Expense Liability. The amount is in the sole discretion of the Board. (Sections 7.1 and 7.2(a))

Special assessments

Allowed for capital improvements or any lawful Association purpose. Due 30 days after levy unless otherwise specified by the Board. (Section 7.3)

Collections & liens

All assessments, monetary penalties, fees and charges are secured by an Assessment Lien. Recording of this Declaration perfects the lien. Association may foreclose the lien in the manner of a realty mortgage. Lien is subordinate to first mo (Sections 7.7(b), 7.7(c), 7.8)

Reserves & fees

Initial contribution: each purchaser pays two months' Maintenance Assessments upon transfer. Board may increase this amount. Funds used only for capital elements and limited common elements. If reserve funds fall 10% below required amount, (Sections 7.1(b), 7.6, 7.2(b))

Pets

No animals, birds, fowl, poultry or livestock may be maintained. The Board may adopt rules relating to house pets and may prohibit any and all house pets in its discretion. (Section 4.7)

Leasing & rentals

A Unit Owner may lease an entire Unit only. Leases must be in writing and subject to the Condominium Documents. Association has right to approve the lessee's intended use. Board may prohibit all new prospective rentals (grandfathering exist (Section 4.18)

Parking & vehicles

Parking only in designated areas. No parking in assigned spaces of another Unit. No inoperable vehicles. No construction, reconstruction, service or repair of motor vehicles except emergency repairs. (Sections 4.12(a), 4.12(b))

Signs & flags

No emblem, logo, sign or billboard of any kind on the exterior of any Unit, Building, or other portion of the Condominium or visible from the exterior, except in conformance with the sign rules adopted by the Association. (Section 4.14)

Maintenance

Association operates, maintains, repairs and replaces all Common Elements and parking spaces constituting Limited Common Elements. Unit Owners maintain their Units and certain Limited Common Elements (exterior doors, windows, patios, etc.) (Sections 5.1, 5.2)

Insurance

Property insurance on Common Elements and Units (excluding improvements by owners, interior cabinetry, appliances, fixtures, wall/floor/ceiling coverings, window coverings) – minimum $2,700,000. Also broad form commercial general liability (Section 8.1(a)(i), 8.1(a)(ii))

Use restrictions

No nuisance shall be permitted. No activity that is unreasonably offensive or detrimental to any portion of the Condominium or to any Unit Owner or occupant. No exterior speakers, horns, whistles, bells or other sound devices except securit (Section 4.16)

Voting & meetings

Each Unit is allocated one vote. Total votes = 46. (Section 2.6)

Amendments

Amendment requires a vote of at least 67% of Unit Owners (from Section 11.5 and reference to Article 12, Section 12.4 of prior Declaration). Additionally, certain amendments (e.g. voting rights, assessments, reserves, insurance, etc.) requi (Section 11.5, Section 9.2)

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