Broken Arrow Ranch Condominiums

Key facts from Broken Arrow Ranch Condominiums's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 1.13)

Developer / declarant

Blue Chip Development Co., Inc, an Arizona corporation (Introductory paragraph)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Sections 1.1, 1.14)

Assessments & dues

Board of Directors adopts an annual budget, then Common Expense Assessment is set based on budget and each Unit's Common Expense Liability (equal share). Board may increase during year if funds inadequate. (Sections 7.1, 7.2(a))

Special assessments

Requires approval by Unit Owners representing two-thirds (2/3) of votes present in person or by proxy at a duly called meeting. Due 30 days after levy unless otherwise specified. (Section 7.3)

Collections & liens

Unpaid assessments are secured by an Assessment Lien per the Condominium Act. Recording of Declaration constitutes record notice and perfection. Association may foreclose lien like a realty mortgage. (Section 7.4(b)-(c))

Reserves & fees

Budget may include amounts for operating reserves and reserves for contingencies and replacements (Section 7.1(a)(iv)). Surplus funds may be returned or credited to Unit Owners (7.10). (Sections 7.1(a)(iv), 7.10)

Pets

Yes, but no more than two Permitted Pets per Unit. Permitted Pets are a dog, cat, or household bird. (Section 4.7)

Leasing & rentals

Yes, but less than entire Unit not allowed. Minimum lease term of 30 days. Lease must be in writing and subject to Condominium Documents. (Section 4.19)

Parking & vehicles

Each Unit is allocated a parking space as a Limited Common Element as shown on the Plat. (Section 2.8(a)(iv))

Architectural approval

Nonstructural alterations within Unit do not require approval. Structural alterations require prior written approval of Board and engineer certification. Any alteration visible from exterior (including Limited Common Elements) requires prio (Section 4.4)

Signs & flags

No signs on exterior of Unit or Building without prior written approval of Board, except a name/address sign not exceeding 9 x 30 inches. (Section 4.15)

Maintenance

Association maintains all Common Elements. Unit Owner maintains Unit and specified Limited Common Elements (exterior doors/windows, interior of patio/storage/parking, and fixtures serving only that Unit per 2.8(a)(i)-(ii)). (Sections 5.1, 5.2)

Insurance

Association maintains: (i) All-risk property insurance on Common Elements and Units (excl. improvements by owners) for replacement cost; (ii) Comprehensive general liability insurance with limit ≥ $1,000,000 per occurrence; (iii) Workers' c (Section 8.1)

Use restrictions

Units shall be used exclusively for residential use. Business activity allowed only if not detectable from outside, conforms to zoning, no solicitation, consistent with residential character. (Section 4.1)

Voting & meetings

Each Unit has one vote. Total votes equal number of Units. (Section 2.7)

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