Deer Valley II Business Center

Key facts from Deer Valley II Business Center's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article 1.11)

Legal name

Deer Valley II Business Center Owners Association (Section 1.4)

Developer / declarant

Deer Valley Airpark Venture II, LLC, an Arizona Limited Liability Company (Parties, p. 1; Section 1.13)

Governing law

Arizona Revised Statutes Title 33, Chapter 9 (Recitals B, D; Section 1.1)

Assessments & dues

Determined annually by Association based on Common Expenses budget adopted by Board (Sections 8.1, 8.3)

Special assessments

Requires approval of Declarant or Owners representing 66% of the vote of Unit Owners voting in person or by proxy at a duly called meeting (Section 8.4)

Collections & liens

Assessments, interest, costs, and reasonable attorneys' fees are a lien on the Unit and a personal obligation of the Owner who was Owner when assessment levied (Section 8.2)

Reserves & fees

Association may establish a reserve for repair, maintenance, taxes, insurance, management and other costs (Section 8.3(2))

Pets

No animals, reptiles, fish (except aquarium inside Unit) or birds unless approved in writing by Board (Section 6.4)

Leasing & rentals

Yes, but lease must be in writing, comply with Condominium Documents, contain clause binding tenant, and copy delivered to Board prior to commencement (Section 6.18)

Parking & vehicles

Vehicles shall be parked only in designated Parking Spaces; assigned spaces per Exhibit E; Declarant may reassign; owners may reassign among themselves with notice to Board (Sections 6.10, 4.2)

Architectural approval

Plans and specifications for construction, exterior changes, additions, alterations, landscaping, grading, drainage must be submitted to Board as Architectural Control Committee for approval (Section 6.24)

Home business

Business use limited to office use permitted in Exhibit C (Section 6.7)

Signs & flags

No exterior signs or interior signs visible from outside without prior approval of City of Phoenix and Board or Declarant; Signage must conform to criteria in Exhibit B (Section 6.9)

Maintenance

Association responsible for maintenance, repair, replacement of Common Elements; Unit Owners responsible for their Units (implied by exclusion). Specifics: Section 7.1(1) states Association responsible for Common Elements excluding Units. (Section 7.1(1); Article 12 (partially ex)

Insurance

Association shall maintain casualty insurance covering Common Elements and Units (builder's risk or all risk) as per Section 9.2 (Section 9.2)

Use restrictions

No – units shall be utilized only for office use; no portion shall be utilized for housing or living purposes (Section 6.1)

Voting & meetings

Two classes: Class A (Unit Owners) vote proportional to undivided interest in Common Elements per Section 3.5; Class B (Declarant) votes 4 times the percentage interest for each Unit owned by Declarant. Class B converts to Class A upon conv (Section 7.3)

Amendments

Allocated Interests amendments require unanimous vote (3.5(1)); Article 4 (Parking) amendment requires 100% approval (4.3); general amendment per Article 13 (not fully extracted) (Sections 3.5(1), 4.3)

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