El Primero II Condominiums

Key facts from El Primero II Condominiums's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: 'Enabling Declaration Establishin)

Developer / declarant

Minnesota Financial Development Corporation, a Minnesota corporation (First WHEREAS clause)

Governing law

Arizona Statutes Sections 33-1201 through 33-1270 (Condominium Act) (WHEREAS clause: 'pursuant to the Arizona)

Assessments & dues

Board of Directors determines Common Expenses and assessments in its sole discretion. Budget adopted by Board without ratification by Unit Owners. (Article VI.A; Amendment DOC 195577 Artic)

Special assessments

Board may levy special assessments as part of Common Expenses. (Article VI.A; By-Laws IV.B.3)

Collections & liens

Unpaid assessments constitute a lien on the unit, effective upon filing. Lien is prior to all other liens except (1) pre-recorded liens, (2) first mortgages, (3) real estate taxes. Foreclosure as under mortgage with power of sale. Associati (Article VI.C)

Reserves & fees

Association required to establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Elements in amount required by VA, FHA, or FHFA, and shall assess and collect as part of Common Expenses (Article VI.A)

Pets

Yes, dog, cat, or another household pet may be kept in each Unit, but not for commercial purpose and not endangering health or unreasonably disturbing others (Article IV.I)

Leasing & rentals

Yes, Unit Owners have right to lease their Units (Article IV.C)

Parking & vehicles

Covered parking stalls are part of the Property. Limited Common Elements include parking stalls not allocated as Limited Common Elements? By-Laws IV.B.13 allows Board to lease parking stalls not allocated to Units as Limited Common Elements (WHEREAS (parking stalls); By-Laws IV.B.1)

Architectural approval

Yes, Board approval required for structural modifications or alterations to a unit (Article II.D.3) and for changes to appearance of Common Elements or exterior doors/windows (Article IV.G). (Article II.D.3; Article IV.G)

Home business

Permitted only if conducted by telephone or correspondence services customarily performed from a single-family residence incidental to business (Article IV.D)

Signs & flags

No exterior alterations without Board consent (Article IV.G). Declarant may maintain signs during construction/sale (Article IX.B.1). Thus, unit owners likely cannot display signs without approval. (Article IV.G; Article IX.B.1)

Maintenance

Association: maintenance, repair, replacement of Common Elements (including Limited Common Elements except those expressly required of unit owners), exterior doors, frames, windows, and incidental damage. Unit Owner: interior of unit, insta (Article VIII.A, VIII.B)

Insurance

Fire and extended coverage on Units, Limited Common Elements, Common Elements (100% replacement cost). Comprehensive public liability (min $1M per occurrence). Fidelity bond (min 3 months aggregate assessments plus reserves). Workers comp. (Article VII.A)

Use restrictions

Units shall be occupied and used as private dwellings only (Article IV.A)

Voting & meetings

Each unit has a vote percentage based on its undivided interest in Common Elements (as per Exhibit C). No cumulative voting. Each unit casts one vote; multiple owners must agree on how to vote. (Article III; By-Laws II.A, II.E, II.F)

Amendments

Declaration may be amended by vote or written agreement of Unit Owners with at least 67% of votes and 51% of First Mortgagees; amendment must be recorded; while Declarant in control, must be approved by Administrator of VA; no amendment to (Article X.A and X.C)

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