1722 Banning Business Condominiums

Key facts from 1722 Banning Business Condominiums's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial Condominium (Title: '1722 BANNING BUSINESS CONDOMINIU)

Legal name

1722 Banning Business Condominiums Association, Inc. (Section 1.1(D))

Developer / declarant

DCSJ, LLC, an Arizona limited liability company (Overview and signature block (first para)

Governing law

Arizona Condominium Act, A.R.S. §§33-1201 et seq. (Art. 1, §1.0)

Assessments & dues

Board adopts annual budget for Common Expenses; then Common Expense Assessment is levied proportionally (per Common Expense Liability percentages) to fund the budget. (Art. 7, §§7.0, 7.1(A))

Special assessments

Special Assessments may be levied for unanticipated expenses exceeding $1,000 or 5% of budget (whichever less) require approval of Unit Owners representing 51% of votes and Declarant consent during Period of Declarant Control. (Art. 7, §7.2)

Collections & liens

Association has an Assessment Lien under A.R.S. §33-1256 to secure payment of Assessments, including monetary penalties; enforcement remedies include foreclosure. (Art. 1, §1.1(C); Art. 7, §7.4)

Reserves & fees

Transfer, Refinance and Disclosure Fees exist (but amounts not specified in excerpt). (Art. 7, §7.11)

Leasing & rentals

Leasing permitted; lease must be in writing and subject to Condominium Documents; Owner must notify Association of lease dates and lessee name. Lessee violation is default under lease. (Art. 4, §4.2)

Parking & vehicles

Parking spaces only for parking fully operational, registered, licensed motorized vehicles; not for storage. Designated Parking Spaces allocated per Unit (Section 2.6). During Declarant control, Declarant may reserve spaces for sales. (Art. 4, §4.13; Art. 2, §2.6; Art. 3, §3.)

Architectural approval

Prior Board approval required for structural additions/alterations and for any alterations visible from exterior. Nonstructural interior alterations not requiring Board approval unless visible. Determination of structural vs non-structural (Art. 4, §4.1)

Signs & flags

No signs visible from exterior without Board approval, except Declarant's sales signs, signs required by legal proceedings, and signs approved by Board. Signs on Common Elements limited. (Art. 4, §§4.6, 4.14)

Maintenance

Association maintains Common Elements (including structural parts of Limited Common Elements) and building exteriors, roofs. Unit Owner maintains Unit interior and allocated Limited Common Elements (doors, windows, A/C, water heater, etc.). (Art. 5, §§5.0, 5.1, 5.2)

Use restrictions

Nuisances prohibited; Board determines existence. Odors, smoke, loud noises, vibrations not allowed. Certain uses are not automatically nuisances: painting, upholstery, retail, etc. (Art. 4, §§4.3, 4.16)

Voting & meetings

Allocated per percentages: Unit 101 40.68%, Unit 102 21.41%, Unit 103 19.83%, Unit 104 6.75%, Unit 105 11.33%. Each Unit's votes correspond to these percentages. Declarant gets five times the votes for each Unit it owns (Class B). Voting ri (Art. 2, §§2.2, 2.4; Art. 6, §6.4)

Amendments

Amendments to Declaration may be made per A.R.S. §33-1218 and require consent of First Mortgagees (Section 9.1). During Declarant Control, Declarant may amend unilaterally in certain cases (Development Rights). Specific percentage vote not (Art. 10, §10.4; Art. 1, §1.1(Q)(ii); Art)

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