Glen Harbor Hangar Condominium

What Glen Harbor Hangar Condominium's governing documents say

Glen Harbor Hangar Condominium is a condominium community at Glendale Municipal Airport where you own one of 20 airplane hangar units and share ownership of common elements. The land beneath the building is leased from the City of Glendale, so your ownership is a leasehold interest. The association maintains common elements, carries master insurance, and levies assessments. This declaration and bylaws bind all unit owners and occupants.

• Use restriction: Units must be used solely as airplane hangars for owners, their guests, or lessees. No residential or other commercial use is allowed.
• Leasing & rentals: Leases require prior written consent of the association and must be in a form approved by the association. Lessees must comply with all governing documents.
• Ground lease: The land is leased from the City of Glendale via a 20-year term renewable for two additional 10-year terms. Termination of the ground lease would terminate the condominium, and owners have a right to pay their share of rent to avoid default.
• Assessments & finances: Each of the 20 units has a 5% interest in common expenses and votes. Annual assessments cannot increase more than 15% over the prior year without a 66-2/3% vote. Late payments incur 18% annual interest.
• Insurance: The association carries master property and general liability insurance (minimum $1M per occurrence). Unit owners must maintain their own personal property and liability insurance (minimum $1M) and provide proof to the board.
• Architectural control: Any alteration that changes the exterior appearance of the building requires prior board approval, and the ground lessor (City) may also need to consent.
• Compliance & enforcement: Unit owners and occupants must comply with the declaration, bylaws, and board rules. Noncompliance may result in fines, liens, special assessments, or injunctive relief.

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.