Ponce De Leon Condominiums

What Ponce De Leon Condominiums's governing documents say

Ponce De Leon Condominiums is a two-unit condominium community in Fountain Hills, AZ. You own your individual unit’s interior space and share undivided ownership of the common elements with the other unit owner. The association maintains the building’s exterior and common areas, and you pay assessments to fund common expenses and reserves.

• What you own & maintain: You own the interior of your unit (walls in, flooring, ceilings, interior fixtures) and are responsible for its maintenance and repair. The association maintains the roof, exterior finished surfaces of the three perimeter walls, the studs of the party wall, landscaping, and other common elements.
• Assessments & fees: The board sets an annual budget and levies annual assessments, payable in installments (monthly to semiannually). Special assessments require approval of at least two-thirds of votes present at a member meeting. Delinquent assessments accrue interest (12% per annum or VA loan rate) and late fees, and the association has a lien on your unit.
• Use restrictions: No dumping or visible storage of trash. Common elements and limited common elements may not be used for storage (except patio furniture in rear limited common elements). No exterior fires except contained barbecue fires. All laws and fire codes must be followed.
• Parking & vehicles: Routine overnight parking of daily-use vehicles is allowed if removed each morning. No vehicle (including cars, boats, RVs, trailers) may be stored in the driveway for more than 72 hours within any 30-day period. Vehicles cannot be stored on common elements or limited common elements visible from the street.
• Limited common elements: Each unit has limited common elements for its exclusive use, including the driveway, entryway, and any shutters, awnings, stoops, porches, balconies, patios, exterior doors/windows serving that unit. You are responsible for maintaining these.
• Damage & insurance: If common elements are damaged, the board uses insurance proceeds to rebuild. If proceeds are insufficient, a special assessment may be levied. Unit owners must diligently rebuild their unit after damage, with exterior appearance substantially similar, or obtain board approval for changes.

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.