Plaza Waterfront Condominiums

What Plaza Waterfront Condominiums's governing documents say

Plaza Waterfront Condominiums is a condominium community in Fountain Hills, AZ — you own your individual unit and share ownership of the building's common elements, which the association maintains and insures. The community includes both residential and commercial units, and is subject to additional restrictions from the Lakeside Village Association (a master association). This Declaration binds all unit owners, lessees, and occupants.

• Use & occupancy: Residential units must be used exclusively for residential purposes by a single family (defined as a group of persons related by blood/marriage/adoption or up to 4 unrelated persons). Commercial units are for general business, professional offices, or retail/service uses (excluding adult businesses, gambling, video arcades, and drug paraphernalia sales).
• Occupancy limit: A residential unit may be occupied by no more than one family — either related persons or a group of up to four unrelated individuals maintaining a common household.
• Leasing & rentals: The document references rental of residential units (Section 4.13) but the provided text does not specify minimum lease terms or other restrictions. Owners may lease subject to the Declaration and Rules.
• Pets: Pets are addressed in Section 4.6 (ANIMANS), but the provided text does not specify limits on number, type, or size. Owners must comply with the Rules adopted by the Board.
• Alterations & improvements: Nonstructural interior alterations may be made without prior approval, but structural changes or any alteration visible from the exterior require prior written Board approval. The Board may impose conditions such as requiring plans, contractor approval, security deposits, and liability insurance.
• Assessments & fees: The association levies regular assessments, special assessments, individual expense assessments, and enforcement assessments. Assessments are allocated per unit based on square footage. Nonpayment results in a lien and potential foreclosure. Owners must also pay assessments to the Lakeside Village Association through the condominium association.
• Overlying master association: The condominium is subject to the Existing CC&Rs of Lakeside Village, which impose additional use restrictions and assessment obligations. The condominium association is responsible for paying master association assessments as a common expense.
• Common elements & maintenance: The association maintains and repairs all common elements, including the building structure, lobby, elevators, hallways, exercise room, and underground parking. Owners maintain their unit interiors and any limited common elements (balcony, parking space, storage 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.