Krall Condominiums

Key facts from Krall Condominiums's documents

Community type

condominium (Article 2 - Submission of Property)

Developer / declarant

The Krall Condominiums (Article 1 - Definitions (O))

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Article 1 - Definitions (M))

Assessments & dues

Total estimated Common Expenses in budget adopted by Board of Directors are assessed against each Unit equally. (Article 7.A)

Collections & liens

Assessment Lien subordinate to First Mortgage; foreclosure sale acquirer takes free of unpaid assessments; delinquent assessments may be reallocated. (Article 7.B)

Leasing & rentals

Yes, implied by Article 9.1(A)(x) referencing leasing of Units; no prohibition stated. (Article 9.1(A)(x))

Signs & flags

Declarant may maintain sales signs on Common Elements; no other sign restrictions explicitly stated. (Article 3.3(A))

Use restrictions

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

Voting & meetings

Each Unit has one vote. (Article 2.3)

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