Gallery Homes Condominiums #7

What Gallery Homes Condominiums #7's governing documents say

Gallery Homes Condominiums #7 is a small condominium community in Fountain Hills, AZ consisting of only two units (A and B). You own your individual unit together with an undivided interest in the common elements, and you share responsibility with the other unit owner for maintaining the property through the homeowners association.

• What you own & maintain: Your unit includes interior spaces and finishes within the finished surfaces of walls, floor slab, and roof. Limited common elements (e.g., balconies, patios, exterior doors, utility meters serving only your unit) are for your exclusive use but you must maintain them. The association maintains the general common elements.
• Use restrictions: Units are for single-family residential use only. No business, no nuisance, no immoral or offensive activity. No inoperable vehicles, no motor vehicle repair visible from neighboring property, no outside clotheslines, and no machinery beyond what's usual for residential use.
• Alterations & approvals: Nonstructural interior alterations do not require approval. Any structural addition, alteration, or improvement, or any change to the exterior color or texture, requires prior written approval from the owner of the adjoining unit.
• Solar & antennas: No solar collection devices, satellite dishes, or radio/television antennas may be placed on your unit or limited common elements if visible from neighboring property without written consent of the adjacent unit owner.
• Architectural review: The condominium is subject to the Fountain Hills Committee of Architecture and the association's Architectural Committee. The more restrictive rules apply when there is a conflict.
• Assessments & finances: Common expenses are allocated equally between the two units (50% each). The board sets a budget and may levy monthly assessments in advance. Late penalties may be imposed.
• Insurance: Each unit owner must maintain fire, casualty, and liability insurance on their unit with full replacement value and at least $500,000 liability coverage. Proof must be provided to the adjoining owner.
• Dispute resolution: Disputes between unit owners must first go through a 21-day settlement period. If unresolved, the matter goes to binding arbitration selected by the parties or by the Maricopa County Superior Court.

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.