Mirage Condominiums Lxxv, Inc.

What Mirage Condominiums Lxxv, Inc.'s governing documents say

Mirage Condominiums No. LXXV is a 2-unit condominium in Fountain Hills, Arizona — you own your individual unit and share ownership of the common structural elements and grounds. The association manages expenses, split equally between the two units. You are bound by single-family-residential-use-only rules and the Fountain Hills architectural review committee.

• What you own & maintain: You own the interior of your unit, including your yard and patio. You also maintain any utilities (gas/electric meters) serving only your unit. The association maintains the building structure, roof, and shared utilities.
• Party wall & shared liability with adjacent unit: Your unit shares a common party wall with the other unit. You are liable for any damage you cause to your neighbor's unit or common elements. If the association fails to maintain common elements contiguous to your unit, you and your neighbor may be required to maintain them together.
• Assessments & voting: Common expenses are assessed equally between the two units (50/50 split). Each unit gets one vote in association decisions.
• Single-family residential use only: No business, trade, or profession may operate from your unit, though you may keep a personal professional library and conduct personal business calls or correspondence there.
• Alterations & exterior modifications: You can modify the interior without approval. Any structural work or changes to exterior appearance (including color and texture) require prior written approval from your adjacent unit owner.
• Architectural restrictions & Fountain Hills review: The condominium is subject to the Fountain Hills Committee of Architecture. Restrictions include: no visible solar panels, satellite dishes, or antennas without adjacent-unit-owner consent; no vehicle repair visible from outside; no clotheslines; no mineral exploration. Trash must be in Town-approved containers.
• Insurance requirements: You must maintain fire and casualty insurance on your unit at full replacement value. The two unit owners must jointly carry at least $500,000 in liability coverage. Costs split 50/50.

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.