Mirage Condominiums Lxi, Inc.

Key facts from Mirage Condominiums Lxi, Inc.'s documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title and Article 2)

Developer / declarant

Scott Properties, Inc., an Arizona corporation (Page 1 (recording metadata) and signatur)

Governing law

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

Assessments & dues

Board adopts a budget for each fiscal year; total estimated Common Expenses are assessed against each Unit in proportion to the Unit's Common Expense Liability (equal share). (Article 7.A; Article 2.2)

Collections & liens

Assessment liens are subordinate to First Mortgage liens. A purchaser at foreclosure or deed-in-lieu takes title free of prior unpaid assessments. Extinguished assessments may be reallocated as Common Expenses. (Article 7.B)

Parking & vehicles

No inoperable vehicle may be stored or parked on any portion of the Condominium so as to be Visible From Neighboring Property. (Article 4.9)

Architectural approval

Architectural Committee (appointed by Board) regulates external design, appearance, use, and maintenance. Additionally, the Condominium is subject to the Fountain Hills Committee of Architecture. The more restrictive rules govern. (Article 6.3 and Article 4.12)

Solar & roof

No solar collection device or equipment may be placed on a Unit or roof or Limited Common Elements if visible from Neighboring Property without prior written consent of the owner of the Adjacent Unit. (Article 4.1)

Home business

Unit Owner may maintain personal professional library, keep personal business records, handle personal business calls/correspondence. (Article 4, Section 4)

Maintenance

Unit Owner maintains his Unit and any Limited Common Elements allocated to him. Association has duties as Unit Owners jointly determine. If Association fails to maintain Common Elements, each Unit Owner must maintain contiguous portions. (Article 5.1 and Article 5)

Insurance

Each Purchaser shall maintain fire, casualty, and liability insurance on his Unit at full replacement value, with liability coverage of at least $500,000 combined with Adjacent Unit Owner. Evidence of insurance must be provided to Adjacent (Article 8)

Use restrictions

Each Unit and Limited Common Elements shall be used exclusively for residential use by a Single Family. No gainful occupation, profession, trade or other nonresidential use. (Article 4, Section 4)

Voting & meetings

One vote per Unit. Votes allocated equally among all Units. (Article 2, Section 2.3)

Amendments

Amendments require a vote of Unit Owners allocated at least 100% of the votes, except for certain amendments by Declarant during Declarant Control period (to comply with law, correct errors, etc.). (Article 10.4)

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