Chandler Executive Hangar Leasehold Condominium

What Chandler Executive Hangar Leasehold Condominium's governing documents say

Chandler Executive Hangar Leasehold Condominium is a non-residential condominium for aircraft hangars at Chandler Municipal Airport. You own your hangar unit but the land is leased from the City of Chandler under a ground lease with an initial 25-year term and one 25-year renewal option. This document binds all unit owners and governs the use, maintenance, and operation of the condominium.

• Use & aircraft storage: Units must be used primarily for non-commercial aviation purposes and aircraft storage. Residential use is strictly forbidden. Building BB in Phase III may be used for commercial purposes (e.g., charter service, fixed base operation) only with written consent from the City of Chandler.
• Leasing & rentals: Unit owners may lease or rent their hangar on a month-to-month or longer term. All leases must be in writing, subject to the Declaration, Bylaws, rules, and the Ground Lease, and must be approved by the Association and the City of Chandler. Owners must notify the Association and City within five business days of executing a lease, providing tenant and aircraft details.
• Ground lease & ownership term: The land is leased from the City of Chandler under a Ground Lease that began March 1, 2003, with an initial term ending February 28, 2029, and one renewal option of 25 years. Upon termination, title to improvements reverts to the City. Unit owners may request continued occupancy on a month-to-month basis if certain conditions are met.
• Association & assessments: The Chandler Executive Hangar Owners' Association manages common expenses, including ground lease payments. Assessments are based on each unit's allocated interest (proportional to square footage). The Board may levy regular and special assessments, and unpaid assessments become a lien on the unit.
• Phase development & allocated interests: The condominium is developed in up to three phases (Phase I: 14 units, Phase II: 8 units, Phase III: 6 units). Allocated interests for existing units will be diluted as new phases are added. Declarant retains development rights to complete phases and alter unit counts.
• Vehicle & aircraft parking: No motor vehicle may obstruct the free passage of aircraft or vehicles/pedestrians to and from other units. Parking and driving areas within common elements are for transit only; no obstructions without Association consent.
• Exterior & signs: The Board regulates exterior appearance, including painting and finishes, to maintain uniformity. No signs may be displayed on units or common elements without Board and City consent.

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.