Casa De Los Verde

Key facts from Casa De Los Verde's documents

Community type

Horizontal Property Regime (Condominium) (Preamble and Article I)

Developer / declarant

Consolidated International Developers, Inc., an Arizona corporation (First paragraph of Declaration)

Governing law

Arizona Revised Statutes, Section 33-551 through 33-561 (Horizontal Property Regimes Act) (Preamble)

Assessments & dues

Not fixed; determined annually by Board (Section 7.2: 'an annual assessment in an)

Special assessments

Implicitly allowed for reconstruction if insurance insufficient (Section 6.8(d)) (Section 6.8(d): 'assessments shall be ma)

Collections & liens

Unpaid assessments from Association become an Assessment Lien on the Office Unit, prior to all liens except taxes and first mortgages. Foreclosure by suit as a mortgage; 30 days' notice required. (Article VIII: Section 8.1 and 8.2)

Reserves & fees

Board may establish and maintain a reserve for repair, maintenance, taxes, insurance, etc. Surplus may be carried forward. (Section 7.2(b) and Section 7.3)

Pets

Only with specific approval of Board of Directors (Section 13.5: 'No pets or other animals,)

Leasing & rentals

Yes, may rent as office space; no renting for other than commercial/office use (Section 13.1: 'nothing herein shall prev)

Parking & vehicles

Parking lot is general common element; Association may control and regulate use (Section 12.1(a)). Trucks, vans, trailers, boats, campers, etc. prohibited unless approved. Passenger cars and station wagons allowed. Customer/client vehicles (Section 13.7 and Section 12.1(a))

Fences

Not specifically mentioned; masonry fences are common elements (Section 3.6(g))

Architectural approval

Yes, for alterations affecting portions maintained by Association or exterior appearance; written consent of Board required (Section 9.1(c) and Section 9.1(e))

Signs & flags

Only one sign of not more than 5 square feet for sale/rent; no other signs (Section 13.8: 'No sign... of any nature )

Setbacks / home size

Defined by cubic content boundaries (Section 3.4, 3.5) - top elevation to base elevation per Exhibit B (Section 3.4: 'The upper boundary shall b)

Maintenance

Owner responsible for roof of his Office Unit (Section 9.1(f)) (Section 9.1(f): 'to repair, replace and )

Insurance

Association purchases insurance covering common elements and office units for fire, extended coverage, liability, worker's comp, and other risks as determined by Board. (Article VI: Section 6.1, 6.2)

Use restrictions

Not residential; limited to commercial or professional office use (Section 13.1: 'ALL of the Office Units..)

Voting & meetings

Each Member's vote equals their proportionate percentage ownership (total 100 votes), as per Section 3.7 percentages. Joint owners designate one voter. (Section 5.5: 'total number of votes of a)

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