Azco Condominiums

What Azco Condominiums's governing documents say

Azco Condominiums is a small condominium community in Fountain Hills, AZ with only 2 units. The Declaration of Condominium establishes the legal framework for unit ownership, common elements, and restrictions. This document binds all unit owners and governs use, maintenance, and administration of the property.

• Use restrictions: Units must be used exclusively as single-family residences. No gainful occupation, profession, or trade is allowed, though owners may keep personal business records or handle personal calls. No nuisances, offensive activities, or unlawful uses are permitted.
• Exterior alterations & architectural review: Structural alterations, changes to exterior color/texture, and installation of solar panels, satellite dishes, or antennas require prior written approval from the adjacent unit owner. The Association's Architectural Committee also regulates external design and appearance.
• Maintenance responsibilities: The Association maintains common elements, but each unit owner is responsible for their own unit and allocated limited common elements (e.g., yard, patio). Owners must also maintain common elements contiguous to their unit if the Association fails to do so.
• Vehicles & parking: No inoperable vehicles may be stored or parked visibly. Except for emergency repairs, no motor vehicle repairs are allowed where visible from neighboring property.
• Assessments: Common expense assessments are allocated equally between the two units (50% each). The Board adopts an annual budget and levies assessments accordingly. Assessment liens are subordinate to first mortgages.
• Leasing: The Declaration does not impose a minimum lease term or restrict the right to lease. However, any amendment to the Declaration that imposes restrictions on leasing requires approval of 100% of eligible mortgage holders.
• Duration & amendments: The Declaration runs for 20 years from recording and auto-renews for 10-year periods. Amendments require 100% of unit owner votes unless otherwise permitted for technical corrections or compliance with law.

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.