Happinest 4 2 Condominiums

Key facts from Happinest 4 2 Condominiums's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Happinest 4 2 Condominiums

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Art. 1.1(P); Art. 1.0)

Assessments & dues

Board of Directors adopts budget; total estimated Common Expenses assessed proportionally to each Unit's Common Expense Liability (equal shares 1/2 each) (Art. 7.0; Art. 2.2)

Special assessments

Not explicitly defined; Common Expenses include allocations to reserves; any assessment beyond Common Expense Assessment would be a Special Assessment, but no specific procedure given (Art. 1.1(E) definition of Assessments in)

Collections & liens

Assessment Lien granted by Condominium Act; subordinate to First Mortgage; foreclosure sale or deed in lieu transfers title free of prior unpaid Assessments; delinquent amounts remain obligation of defaulting owner (Art. 7.1)

Reserves & fees

Common Expenses include allocations to reserves (Art. 1.1(L))

Parking & vehicles

No inoperable vehicle may be stored or parked on any portion of Condominium so as to be Visible From Neighboring Property (Art. 4.8)

Architectural approval

Architectural Committee established by Board; prior written approval needed for solar/radio/TV devices Visible From Neighboring Property (Art. 4.1); for structural alterations or exterior color/texture changes, need approval of adjacent Uni (Art. 6.3; Art. 4.1; Art. 4.3; Art. 4.2)

Solar & roof

No solar collection device or equipment may be placed if Visible From Neighboring Property without advance written consent of Architectural Committee and Board (Art. 4.1)

Home business

No gainful occupation, profession, trade or nonresidential use; but Unit Owner may maintain personal professional library, keep personal business accounts, handle personal business calls or correspondence (Art. 4.0)

Signs & flags

Declarant may maintain advertising or sales signs on Common Elements during marketing period; no other signs mentioned (Art. 3.3(A))

Maintenance

Association maintains Common Elements (duties as Unit Owners jointly determine); Unit Owners maintain their Units and Limited Common Elements; if Association fails, each Unit Owner maintains contiguous Common Elements (Art. 5.0; Art. 5.1)

Insurance

Fire, casualty, and liability insurance on Unit at full replacement value; carrier rated B+ or better by Best's; liability coverage at least $500,000 combined with adjoining Unit owner (Art. 8.0)

Use restrictions

Each Unit and Limited Common Elements shall be used exclusively for residential use by a Single Family (Art. 4.0)

Voting & meetings

Each Unit has one vote; votes allocated equally (Art. 2.3)

Amendments

Except as allowed for Declarant during control period, Declaration may be amended only by vote of Unit Owners to which 100% of votes allocated; amendments affecting Special Declarant Rights, number of Units, boundaries, interests, or use re (Art. 10.4; Art. 9.1 (mortgagee approval )

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