7500 East Mcdonald Condominiums

Key facts from 7500 East Mcdonald Condominiums's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals, Section 1.5)

Governing law

Arizona Revised Statutes §§ 33-1201 through 33-1270 (Condominium Act) (Recitals)

Assessments & dues

By the Association; shall be such Unit's share of Common Expenses as defined in Section 9.2. May be collected monthly, quarterly, semi-annually, or at least yearly. (Sections 9.1, 9.2, 9.3)

Special assessments

Permitted for insufficient insurance proceeds or condemnation awards to complete restoration. Levy on all Owners in proportion to interests. (Sections 7.2, 7.3, 8.4)

Collections & liens

Common Expenses Assessment constitutes a lien on the Unit (Assessment Lien), prior to all other liens except pre-recorded liens, first mortgage/deed of trust recorded before delinquency, and property tax liens. Enforcement by action at law, (Sections 10.1, 10.2)

Reserves & fees

Association may establish reserve for repair, maintenance, taxes, insurance, management, etc. Subject to Section 9.5. (Section 9.2(b))

Leasing & rentals

Not prohibited; leasing or subleasing of space to Occupants is allowed (Section 14.2 references leasing as exception to prohibition on conveyance of partial Unit). (Section 14.2)

Parking & vehicles

Not specifically detailed in this document; common elements include tracts (Tract A-G) which may include parking, but no explicit rules. (Section 2.4)

Architectural approval

Yes. No additions, alterations, or improvements to outside of Building without prior written Board consent. Also for Common Elements, minor alterations with Board consent. (Sections 4.1, 4.2)

Maintenance

Association responsible for operation, maintenance, repair, replacement of Common Elements. Each Owner responsible for maintenance, repairs, replacements within its own Building and exterior (except Common Elements within). (Sections 5.9, 12.1)

Insurance

Up to $10,000 deductible at Association's discretion (except workmen's comp and public liability). (Section 6.2(k))

Use restrictions

No Unit shall be used for any purpose other than maintenance of professional, business or general offices and incidental purposes. Must be consistent with high-quality office character. (Section 12.3)

Voting & meetings

One vote per Unit; allocation equally to each Unit. For jointly owned Units, a single vote designated in writing. Corporate and trust ownership provisions. (Section 5.5)

Amendments

Amendment requires affirmative vote of Owners of not less than 66% of all Units. No amendment affecting Unit or Limited Common Element without Owner's approval. Must be recorded within 30 days. (Section 20.3)

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