Arroyo Vista Manor Condominiums

Key facts from Arroyo Vista Manor Condominiums's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Recital B)

Units / lots

2 (Units A and B) (Section 2.1: Identifying Numbers of the )

Developer / declarant

MM Rentals, LLC, a Wyoming limited liability company (Recitals)

Governing law

A.R.S. §§ 33-1211 et seq. (Arizona Condominium Act) (Recitals B; also multiple sections refer)

Assessments & dues

Not fixed; determined annually by Board based on budget. (Section 4.3)

Special assessments

Requires approval of more than 50% of votes of Units represented in person or by proxy at a meeting called for that purpose. (Section 4.5)

Collections & liens

A lien against each Unit secures all assessments and other charges. Lien is subordinate to first mortgages. May be foreclosed like a mortgage. (Section 4.2: There is hereby created and)

Reserves & fees

Annual budget shall provide for reserve for contingencies and reserve for replacements in reasonably adequate amounts determined by Board. (Section 4.3: annual budget shall also pr)

Parking & vehicles

Routine overnight parking of daily-use transportation vehicles permitted. (Section 3.8)

Maintenance

Each Unit Owner shall maintain, repair, replace, restore roof above their unit. (Section 5.1(D))

Insurance

Association shall maintain property insurance on Common Elements (not less than 80% actual cash value), liability insurance, and other insurance as determined. (Section 7.0(A))

Use restrictions

No nuisance shall be permitted; no activity offensive or detrimental to portion of Condominium or any Unit Owner/occupant. No exterior speakers, horns, etc., except security/emergency. (Section 3.8: No nuisance shall be permit)

Voting & meetings

Each Unit has one (1) vote. Voting rights may be suspended as provided in Bylaws for violation of Condominium Documents. (Section 2.5: votes ... allocated equally)

Amendments

Declaration may be amended by instrument in writing signed and acknowledged by the unanimous vote of the Board of Directors certifying under penalty of perjury that the amendment was adopted. (Section 10.4: The provisions of this Dec)

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