Falcon Storage Condominiums I

Key facts from Falcon Storage Condominiums I's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.1, Section 4.1)

Developer / declarant

FSC Chandler, LLC, an Idaho limited liability company (Preamble before Section 1)

Governing law

Arizona Condominium Act, Title 33, Chapter 9, Articles 1 through 4 (Section 3 definition of 'Condominium Act)

Assessments & dues

Regular Assessments set based on estimated expenses divided among Owners according to percentage interest in Common Area (Exhibit D) (Section 4.1; Section 3 definition of 'Re)

Special assessments

Special Assessment is a portion of capital improvement costs or shortages authorized to be paid pursuant to Declaration (Section 9.4) (Section 3 definition of 'Special Assessm)

Collections & liens

Assessment liens may be foreclosed; Section 10 provides right to enforce, method of foreclosure, required notice, subordination (Section 10)

Reserves & fees

Association may establish operating and capital reserves via Assessments (Section 8.7.1)

Pets

Animals not to be left unattended in Unit ('sheltered'), but animals belonging to Owner, Condo Lessee, or guests are allowed on leash and waste must be picked up (Section 7.3.8 (prohibits sheltering); Se)

Leasing & rentals

Yes, with minimum term of 30 days; lease must be in writing and subject to Condominium Documents (Section 7.4)

Parking & vehicles

No parking or storing motor vehicles outside Units, except temporarily within 2 hours; storage defined as parking more than 2 consecutive hours outside Unit, unless parked directly in front of Unit Owner's respective Unit for allowed uses (Section 7.5)

Architectural approval

Yes, for alterations to Units that affect structural integrity; Board provides specifications (Section 7.15)

Solar & roof

Energy devices on Common Area require prior written Board approval; must be screened as approved (Section 7.14)

Home business

No business activities for pecuniary benefit; retail or wholesale outlet prohibited; manufacture or assembly prohibited (Section 7.3.1, 7.3.2, 7.3.3)

Signs & flags

No sign of any kind displayed from exterior of any Unit or Common Area without prior written consent of Board (Section 7.7)

Maintenance

Owner maintains Unit interior and Limited Common Area; Association maintains Common Area including exterior of Buildings and structural integrity is concurrent responsibility (Section 7.11, 8.8.1, 7.15)

Use restrictions

Units shall be used solely for passive storage of personal property; residential use (permanent or temporary) is prohibited (Section 7.1; Section 7.3.7)

Voting & meetings

One vote per Condominium (Unit), regardless of number of owners of that Unit; voting rights subject to Declarant's proxy during Initial Development Period (Section 8.2)

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