Cambric Courts

What Cambric Courts's governing documents say

Cambric Courts is a condominium community in Chandler, AZ — you own your individual unit and share ownership of the building's common elements. The association manages the property, maintains the common areas, and carries master insurance, funded by monthly assessments. This document is the governing declaration for all unit owners.

• What you own & maintain: You own the interior space of your unit (walls, floors, ceiling, fixtures serving only that unit). The association maintains all common elements: land, roofs, structural components, shared systems, parking areas, landscaping, and recreational facilities. Each unit has an undivided 1/42nd interest in the common elements.
• Assessments & fees: Monthly common expenses are assessed per unit (1/42nd of total). Initial maximum monthly payment is $100, adjusted annually by the Consumer Price Index. Late payments incur 12% annual interest and up to 25% late charge. Unpaid assessments become a lien on the unit, subordinate to first mortgages. Special assessments for capital improvements require 67% approval of each voting class.
• Parking & vehicles: Each unit is assigned at least one restricted parking space as a license; that space cannot be sold or transferred separately from the unit. Owners may exchange spaces with board consent. Guest parking is provided and managed by the board under its rules.
• Insurance: The association carries master casualty insurance covering common elements and units (exclusive of personal property) at 100% replacement cost, plus $1M general liability insurance, worker's comp, and fidelity bonds. Unit owners may buy their own insurance for personal property and additions, provided it does not interfere with the association's policies.
• Use of common elements: Owners and their tenants, family, and invitees have a non-exclusive right to use common elements for access and recreation. The board may suspend these rights for unpaid assessments or rule violations (up to 60 days). The board may also lease or grant easements over common elements.
• Voting & governance: Each unit gets one vote in Class A (owners except declarant). The declarant holds Class B votes (3 per unit owned) until 120 days after Class A votes equal or exceed Class B votes, or 5 years after first unit sale. Directors must be owners or spouses. Board decisions are binding unless challenged in court.
• Alterations & improvements: The document references architectural control (paragraph 18) but the text is truncated. Owners must likely obtain approval for changes affecting the exterior or common elements.
• What this document doesn't cover: The excerpt is truncated and missing full use and occupancy restrictions, lease terms, pet rules, and age restrictions. The full declaration may contain these details.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.