Edgewater at Hayden Ferry Lakeside

What Edgewater at Hayden Ferry Lakeside's governing documents say

Edgewater at Hayden Ferry Lakeside is a condominium community in Tempe, AZ — you own your individual unit and share ownership of common elements. The association maintains common areas and carries master insurance. Owners pay assessments, including an annual general assessment, potential special assessments, and a reserve contribution (0.2% of selling price) upon resale. The provided excerpt is from the full Declaration of Condominium but does not include key sections on use restrictions (e.g., leasing, pets, age limits).

• What you own & maintain: Your unit includes the interior airspace, interior walls, and finishes. The association maintains common elements (hallways, exterior, structural parts) and limited common elements like balconies, windows, and assigned parking spaces.
• Assessments & fees: Annual general assessments are based on unit size. Special assessments require majority owner vote. Late payments bear 18% interest and up to $25 or 5% late fee. A reserve contribution of 0.2% of gross selling price is due on most resales, plus an administrative transfer fee.
• Insurance: The association carries property and liability insurance (minimum $500k/$5M/$500k). Owners must insure their own unit, personal property, and any deductible liability from the master policy.
• Limited common elements: Balconies, windows, doors, air conditioning systems serving one unit, mailboxes, elevator lobbies, and assigned parking/storage spaces are limited common elements — yours to use but maintained by the association unless otherwise determined.
• What this document doesn't cover: The excerpt ends before Section 14 (Restrictions on Use, Occupancy, and Transfer), so rules on leasing, pets, age restrictions, and other occupancy limits are not included here.

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.