Canterra at Squaw Peak Condominiums

Key facts from Canterra at Squaw Peak Condominiums's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (submitted under Arizona Revised Statutes Title 33, Chapter 9) (Recitals para. B)

Legal name

Canterra at Squaw Peak Condominium Association, Inc. (Section 1.3)

Units / lots

148 (one hundred forty-eight) (Section 1.21 (Plat shows 148 units) and )

Developer / declarant

Magellan Promenade Limited Partnership, an Arizona limited partnership (Opening recital)

Governing law

Title 33, Chapter 9 of the Arizona Revised Statutes (the Act) (Section 1.1)

Assessments & dues

Board adopts budget, determines regular assessment; pro forma operating statement distributed to owners not later than 30 days prior to fiscal year; assessments paid in equal monthly installments on 1st of each month (Section 6.3)

Special assessments

Levied by Board for: (a) compliance costs; (b) any other charge designated as special assessment; (c) attorneys’ fees and related charges. Also for capital improvements (Section 6.4) and for restoration after casualty (Article XI). (Section 6.5)

Collections & liens

Assessments are a continuing lien on the unit; Association may foreclose like a realty mortgage; personal obligation of owner at time assessment becomes due (but does not pass to successor unless expressly assumed) (Sections 6.1, 7.4-7.6)

Reserves & fees

Association shall maintain an adequate reserve fund for periodic maintenance, repair and replacement of Common Elements; funded as part of regular assessments. (Section 5.14)

Pets

Yes, but limited to no more than 2 dogs, cats or other household pets, each weighing 20 lbs or less; no commercial purposes; must be leashed when on Property except inside Unit; Board may adopt additional rules. (Section 9.12)

Leasing & rentals

Yes, leases permitted subject to restrictions (Section 9.13)

Parking & vehicles

No motor vehicle, trailer, camper, boat, bicycle etc. shall remain on Property unless parked in designated spaces; temporary parking allowed; no mobile homes, travel trailers, recreational vehicles, boats, boat trailers, commercial trucks e (Section 9.4)

Fences

No fence shall be constructed, erected, placed or maintained without prior written approval (Section 9.19) (Section 9.19)

Architectural approval

Yes, for any building, fence, wall, antenna, tower, awning, sign or other structure, and for any exterior addition, change or alteration (including landscaping, grade, drainage) visible from exterior of any Building. Plans and specification (Section 9.19)

Signs & flags

No sign of any nature except dignified name/address sign; no 'for sale' or 'for rent' signs on any part of Condominium; Board may place master 'for sale' sign on Common Elements. Declarant exempt until last unit sold. (Section 9.1)

Maintenance

Owner responsible for maintenance, repair, replacement within Unit (including interior surfaces, windows, pipes from entry to junction, attached garages, air conditioners, hot water heaters, etc.). Association responsible for Common Element (Sections 4.1, 4.2)

Insurance

Article X (Insurance) exists but full text not in excerpts; Table of Contents indicates Casualty Insurance, Public Liability and Property Damage Insurance, Workmen’s Compensation, Fidelity Bonds, Insurance by Owners, etc. (Table of Contents (Article X) and Sectio)

Use restrictions

No noxious or offensive activity; no activity that becomes annoyance or nuisance or increases insurance rates; no violation of law. (Section 9.2)

Voting & meetings

Two classes: Class A (owners other than Declarant) – 1 vote per unit; Class B (Declarant) – 3 votes per unit owned. Class B converted to Class A upon conveyance to other owners or upon first of: 90 days after 75% units conveyed, 5 years aft (Section 5.5)

Amendments

Not fully detailed in excerpt; Table of Contents includes Section 14.19 'Amendments' (not in provided text) (Table of Contents (Section 14.19))

Amenities

Clubhouses, swimming pools, spas, changing rooms, recreational areas, tennis courts, exercise facilities, ramadas, gas barbecues, water facilities (included in Common Elements) (Section 1.9)

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