Mirage Condominiums Xxv

Key facts from Mirage Condominiums Xxv's documents

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

Community type

Condominium (Title and Article 2 - Submission of Prop)

Developer / declarant

Scott Properties, Inc., an Arizona corporation (Opening paragraph)

Governing law

Arizona Condominium Act, A.R.S. § 33-1201 et seq. (Section 1.1)

Assessments & dues

Board adopts budget for each fiscal year; total estimated Common Expenses are assessed against Units in proportion to Common Expense Liability (equal). (Section 7.A)

Collections & liens

Assessment lien subordinate to first mortgage. First mortgagee acquiring title through foreclosure takes free of unpaid assessments, penalties, fees that became payable before sale/transfer. Delinquent amounts may be reallocated as Common E (Section 7.B)

Leasing & rentals

No express restrictions; leasing is not prohibited but Document references leasing of Units in context of mortgagee rights (Section 9) and Declarant's sales/leasing (Section 3.3). No minimum term or restrictions stated. (General provisions; no specific section)

Parking & vehicles

No automobile/motorcycle/motorbike constructed, reconstructed, serviced or repaired on Condominium so as to be visible from neighboring property (except emergency repairs). No inoperable vehicle stored or parked so as to be visible. (Section 4.9)

Fences

Not explicitly mentioned; improvements and alterations subject to approval. (Section 4.3)

Architectural approval

Architectural Committee established (Section 6.3). Prior written approval of Adjacent Unit owner required for structural additions, alterations, improvements or modification of color/texture of exterior (Section 4.3). Also approval of Adjac (Section 6.3 and Section 4.3)

Solar & roof

No solar collection device may be placed on Unit or Limited Common Elements if visible from neighboring property without advance written consent of owner of Adjacent Unit. (Section 4.1)

Home business

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

Signs & flags

Declarant may maintain advertising or sales signs on Common Elements during sales period (Section 3.3). No other sign rules stated. (Section 3.3)

Maintenance

Association duties as Unit Owners shall jointly determine (Section 5). Unit Owners maintain, repair, replace their Units at own expense (Section 5.1(A)). Unit Owners maintain Limited Common Elements allocated to them (Section 5.1(B)). Unit (Article 5)

Insurance

Each Purchaser (Unit Owner) shall maintain fire, casualty and liability insurance on his Unit in amount of full replacement value and liability coverage not less than $500,000 jointly with owner of adjoining unit. (Section 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 allowed, except personal professional library, records/accounts, bu (Section 4)

Voting & meetings

One vote per Unit; allocated equally among all Units (Section 2.3)

Amendments

Except during declarant control, amendment requires vote of Unit Owners to which at least 100% of votes allocated (Section 10.4(A)). During declarant control, Declarant may amend to comply with law, correct errors, or meet requirements of g (Section 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.