Mirage Condominiums Xxxiii, Inc.

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

Mirage Condominiums XXXIII is a 2-unit condominium in Fountain Hills, AZ — you own your individual unit and share 50/50 ownership of common elements with the other unit owner. The association is run jointly; each unit gets one vote and pays equal common expenses.

• What you own & maintain: You own the interior of your unit (including interior partitions, fixtures, and spaces within boundary walls). The association maintains common elements. You are also responsible for maintaining limited common elements allocated to your unit (e.g., yard/patio, exterior doors/windows, any meters serving only your unit).
• Use & occupancy restrictions: Units are for single-family residential use only (a group related by blood/marriage/adoption, or up to one unrelated household plus domestic servants). No commercial use, no outside clotheslines, no solar collectors or satellite dishes visible from neighboring property without adjacent unit owner's written consent.
• Architectural review: An Architectural Committee (appointed by the Board) oversees exterior design and appearance. Any structural additions or exterior modifications require prior written approval of the adjacent unit owner and compliance with the Fountain Hills Committee of Architecture.
• Insurance requirements: Each unit owner must carry fire, casualty, and liability insurance on their unit with a carrier rated B+ or better. Minimum liability coverage is $500,000 combined for both unit owners if no higher amount is specified by the association or joint agreement.
• Assessment & common expenses: Common expenses are allocated equally (50% per unit). The board adopts an annual budget and assesses each unit proportionally. Assessment liens are subordinate to first mortgages; delinquent assessments may be reallocated as common expenses.
• Rights of first mortgagees: First mortgage holders have extensive rights, including notice of defaults (60 days), consent to certain amendments, and prohibition of any right of first refusal on unit sales. The association cannot terminate or materially change the declaration without 100% approval from first mortgagees.
• Unit owner responsibilities: You must maintain your unit and its limited common elements. You are liable for damage to common elements or the other unit caused by your negligence. The adjacent unit owner can enforce rules if the association fails to act, and can even require each owner to maintain the common elements contiguous to their unit.

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.