Arroyo Madera Estates, a Condominium

Key facts from Arroyo Madera Estates, a Condominium's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title)

Developer / declarant

Arroyo Madera, L.L.C., an Arizona limited liability company (Introductory paragraph)

Governing law

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

Assessments & dues

Board adopts annual budget; total Common Expenses assessed against each Unit in proportion to its Common Expense Liability (based on square footage) (Sections 7.1.1, 7.2.1, 2.6)

Special assessments

Requires approval by Unit Owners representing two-thirds of votes in person or by proxy at a meeting (Section 7.3)

Collections & liens

All assessments, penalties, and fees are secured by an Assessment Lien; Association may foreclose like a realty mortgage (Sections 7.4.2, 7.4.3)

Reserves & fees

Budget may include amounts for reserves for contingencies and replacements (Section 7.1.1(iv)); transfer fees allocated to reserves (Section 7.12) (Sections 7.1.1(iv), 7.12)

Pets

Yes, no more than two Permitted Pets per Unit (Section 4.7)

Leasing & rentals

Leasing of a Unit by the Unit Owner is not considered a trade or business, thus allowed (Section 4.1 (last sentence))

Parking & vehicles

Motor vehicles may be parked only in garages, driveways allocated to a Unit or a Limited Common Element, or in Common Element parking spaces with Board approval (Section 4.13)

Architectural approval

Yes for structural additions/alterations (Board approval plus engineer certification); also for any addition visible from exterior (including enclosing patio/balcony); also for any addition to Common Elements (Board approval). (Section 4.4)

Home business

Business activity allowed within a Unit if: (i) not detectable from outside; (ii) conforms to zoning; (iii) no persons coming to the Unit; (iv) consistent with residential character and not a nuisance (Section 4.1)

Signs & flags

No signs (including 'For Sale' or 'For Rent') permitted without prior written Board approval; except a name/address sign not exceeding 9 x 30 inches (Section 4.16)

Maintenance

Association maintains all Common Elements; Unit owners maintain interior of Unit and certain Limited Common Elements (exterior doors/windows, patios/balconies interior, etc.) (Sections 5.1, 5.2)

Insurance

All-risk property insurance on Common Elements and Units (exclusive of improvements by owners); broad form comprehensive general liability ($1M minimum); workers comp; D&O; flood if applicable; boiler if applicable (Section 8.1.1)

Use restrictions

All Units shall be used, improved, and devoted exclusively to residential use (Section 4.1)

Voting & meetings

Each Unit has one vote in the Association (Section 2.7)

Amendments

Amendments to Declaration, Articles, or Bylaws require approval of First Mortgagees as per Section 9.2; also general amendment provisions in Article 10 (Section 9.2)

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