Anasazi Terrace Condominiums

What Anasazi Terrace Condominiums's governing documents say

Anasazi Terrace Condominiums (Phoenix, AZ) is a condominium community governed by this declaration. You own your unit (airspace) and an undivided share of the common elements, which the homeowners’ association maintains. The association has the power to adopt rules and assess fees for common expenses.

• What you own & maintain: You own the interior airspace of your unit (excluding structural components, chutes, flues, ducts, wires, etc. that serve multiple units, which are common elements). The association maintains and insures the common elements, including recreational facilities, parking areas, and utilities not separately metered.
• Use restrictions: Each unit is limited to single-family residential use only. There is no right of first refusal – owners may sell or transfer their unit without association approval.
• Assessments & fees: All unit owners must pay their share of common expenses as assessed by the association. Unpaid assessments become a lien on the unit, subordinate only to property taxes and first mortgages recorded before the assessment became delinquent.
• Parking & vehicles: Each unit is allocated one parking space as a limited common element for exclusive use. The initial allocation is set in the first deed, but owners may agree to change it.
• Rights of tenants: If you rent out your unit, your tenant and their family have the same right to use the common elements as owners, subject to the declaration, bylaws, and rules.
• What this document doesn't cover: This declaration does not specify pet limits, minimum lease terms, or age restrictions. It also does not outline architectural review procedures; those may be set in separately adopted rules and regulations.

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.