Indian Palms Medical & Professional Office Condominium

Key facts from Indian Palms Medical & Professional Office Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Medical & Professional Office Condominium) (Section 2.2: Name of Project)

Legal name

Indian Palms Medical & Professional Office Condominium

Units / lots

9 condominiums (buildings A through I) (Section 2.4: Condominiums identified by )

Developer / declarant

Indian Palms Investments, L.L.C., an Arizona limited liability company (First paragraph of Declaration)

Governing law

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

Assessments & dues

Board adopts budget, common expenses assessed proportionally to each condominium's Common Expense Liability (based on square footage per Exhibit B). Board may increase during fiscal year if funds inadequate. (Section 7.2(a))

Special assessments

May be levied for capital improvements or other lawful purpose, requires approval of owners representing 2/3 of votes in person or by proxy at a meeting. Exception: special assessment under Section 9.1 (damage/destruction) does not require (Section 7.3)

Collections & liens

All assessments and charges are secured by an Assessment Lien as provided by Condominium Act. Recording of Declaration constitutes notice. Association may record notice of delinquency. Lien priority: after tax liens and first mortgages. Fir (Section 7.5(b)-(d); Section 7.5(c) for p)

Reserves & fees

If assessment not paid within 15 days after due, late fee at least the greater of $50 or 3% of amount due, as established by Board. (Section 7.5(a))

Leasing & rentals

Not prohibited; condominium may be leased. Lessee and invitees have right to use Common Elements during lease term; owner's rights limited accordingly. (Section 3.3(b))

Fences

Not specifically addressed; improvements require Board approval if on Common Elements. (Not mentioned; general alteration rules )

Architectural approval

Nonstructural additions within condominium do not require Board approval. Structural additions or alterations affecting exterior require prior written approval of Board and engineer/architect certification. (Section 4.2(a))

Signs & flags

Not specifically addressed; signs rules may apply. (Not addressed)

Maintenance

Roof is part of Common Elements? Boundaries: upper horizontal boundary is underside of plywood roof deck; roof structure above is Common Element. Association likely responsible for roof. (Section 2.5(d): upper boundary is unders)

Insurance

Association maintains casualty, liability, worker's compensation, and other insurance as provided in Declaration. Specific coverages not detailed. (Section 1.2(k)(iv): Common Expenses incl)

Use restrictions

No; commercial office use only. Residential use explicitly excluded. (Section 4.1(a): 'exclude residential use)

Voting & meetings

Total votes equal total square feet of all condominiums; each condominium's votes allocated based on square footage per Exhibit B. (Section 2.7)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.