Chandler Parc Condominiums

What Chandler Parc Condominiums's governing documents say

Chandler Parc Condominiums is a condominium community in Chandler, AZ, converted from a rental complex. This document is a First Amendment to the Declaration, changing the name from Cambric Court 2000, assigning covered parking spaces as limited common elements, setting initial assessments and working capital fees, and establishing mandatory alternative dispute resolution (ADR) for most disputes. It is not the full governing document; the original Declaration and Bylaws contain additional rules.

• What this document is: This is a First Amendment that updates the original Declaration of Condominium. It renames the association and condominium, adds parking and balcony allocations, sets initial assessment caps, and introduces comprehensive ADR procedures.
• Parking: Each unit (except units 282, 283, and 284) has a designated covered parking space as a limited common element, assigned by deed or exhibit. Units 282-284 do not have a covered parking space.
• Monthly assessments: Until the first unit is sold to a purchaser, the maximum monthly assessment is $150 per unit. After that, the board sets assessments as per the Declaration.
• Working capital & reserve contributions: Upon original sale, the buyer pays a working capital contribution equal to one-sixth of the annual assessment. A separate reserve contribution (amount set by the board) is also due from each new owner, with exceptions for estate planning transfers and foreclosures.
• Dispute resolution: Most disputes between owners, the association, or the developer (Declarant) must go through mandatory mediation (non-binding) then binding arbitration. Certain claims (e.g., assessment collection, title disputes, evictions) are exempt. By accepting a deed, owners waive the right to sue in court for covered claims.
• Conversion disclosure: The condominium was converted from a multifamily rental community originally built in 2001. The document lists prior owners and provides information about original builders upon request.
• What this document doesn't cover: This amendment does not address leasing restrictions, pet limits, age restrictions, or other use rules—those are in the original Declaration and Bylaws. It also does not set reserve contribution amounts or list all amenities.

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.