Bolfor 103 Condominium

What Bolfor 103 Condominium's governing documents say

Bolfor 103 Condominium is a condominium community in Phoenix, AZ — you own your individual unit and share common elements. This document is the association's bylaws, which set out how the board and committees are structured, how meetings are run, and how finances are managed. It does not contain rules for day-to-day living such as pet limits, leasing restrictions, or noise policies.

• Board of Directors: The board has five members serving one-year terms, elected by the members. The board manages the association, sets assessments, and enforces rules. A majority of board members constitutes a quorum; actions require a majority vote of those present.
• Officers & Duties: Officers (president, vice-president, secretary, treasurer, and common area maintenance supervisor) are elected annually by the board. The president oversees business and meetings; the secretary keeps minutes and records; the treasurer handles funds and provides semi-annual financial statements to owners. Officers serve without compensation.
• Meetings & Notice: Annual member meetings are held. Special board meetings require at least two days' notice by phone or mail. Board members may waive notice. Attendance constitutes waiver unless objecting to unlawful meeting.
• Committees: The president appoints committees as needed, including a nominating committee chosen by the board. Committee members serve until the next annual meeting and are not compensated.
• Budget & Financial Reports: A proposed budget is mailed to owners at least ten days before the annual meeting. Semi-annual financial statements are distributed to all unit owners; additional statements may be requested in writing at the requester's expense.
• Books & Records: The association keeps correct books, minutes, and a member voting list. Any member may inspect these records for a proper purpose at a reasonable time.
• Amending the Bylaws: Bylaws may be altered, amended, or repealed by a majority of a quorum of owners at a regular or special meeting, provided at least ten days' written notice of the proposed change is given.
• What this document doesn't cover: This document does not include specific restrictions on leasing, pets, age, parking, noise, or architectural changes. Those rules, if any, would be found in the Declaration of Condominium or separate 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.