6900 East Camelback Condominium

What 6900 East Camelback Condominium's governing documents say

This document establishes 6900 East Camelback Condominium in Phoenix, AZ, a highly unusual two-unit condominium. Unit 1 (91% common interest) provides most services, maintenance, and insurance, while Unit 2 (9%) pays a monthly Services Fee and is subject to specific covenants. The declaration governs all aspects of ownership for both units, including easements, maintenance responsibilities, and a right of first refusal on Unit 2 sales.

• Two-unit condominium structure: The project has only two units: Unit 1 (91% common interest) and Unit 2 (9%). The Association exists but has minimal activity; Unit 1 effectively manages the property and provides services to Unit 2.
• Services Fee: Unit 2 must pay a monthly Services Fee of $295 (adjusted annually by up to 3%) plus a prorated share of Unit 1's insurance and utility costs. Late payments incur a $25 charge and 5% over prime interest.
• Right of first refusal: If Unit 2 receives an offer to sell, Unit 1 has 10 days to match the terms and purchase. Exceptions include transfers for estate planning or to a controlled entity.
• Unit 2 maintenance obligations: Unit 2 must keep the roof and deck watertight (including annual inspections), maintain the swimming pool structural support, and comply with an Asbestos Management Plan. Failure allows Unit 1 to perform work and charge Unit 2.
• Unit 1 renovation rights: Unit 1 may freely renovate or alter its unit at any time, even if it causes temporary disruption to Unit 2 (noise, dust, detours). Unit 1 must maintain access and services where feasible.
• Easements: Unit 2 has easements over Unit 1 for pedestrian/vehicular access, utilities, pool support, and fire alarm system. Unit 1 has easements for roof access and equipment room use. Both share utility and access easements.
• Assessments & liens: The Association may levy annual and special assessments on both units based on common interest (91% Unit 1, 9% Unit 2). Unpaid assessments create a lien on the unit, enforceable by foreclosure.
• Leasing & rentals: The document does not explicitly restrict leasing terms, but Subarticle 9.7 (Right to Lease) is referenced in the table of contents. The full text is not included in the excerpt, so no specific lease restrictions can be stated.

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.