Four Tops Condominiums II

Key facts from Four Tops Condominiums II's documents

Community type

Condominium as of 2005 ("FOUR TOPS CONDOMINIUMS II" (title))

Legal name

Four Tops Condominiums II

Units / lots

2 (initial); potential expansion up to 48 additional units as of 1999 (Article 2, Section 2.0 (initial units C )

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. as of 1999 (Article 1, Definitions - "Condominium Ac)

Assessments & dues

Maximum $300 per unit until Jan 1 after first conveyance, then may increase by CPI or by 2/3 vote as of 1999 (Article 7, Section 7.1(B))

Special assessments

Requires approval by 2/3 of votes in person or by proxy at a meeting as of 1999 (Article 7, Section 7.2)

Collections & liens

Assessment Lien created by declaration; may foreclose like mortgage; association may bid and purchase unit as of 1999 (Article 7, Section 7.5)

Reserves & fees

Budget includes amounts for general operating reserves and reserves for contingencies and replacements as of 1999 (Article 7, Section 7.0(A)(iv))

Pets

Yes, one house pet not exceeding 20 pounds as of 1999 (Article 4, Section 4.6)

Leasing & rentals

Yes, but only entire unit as of 1999 (Article 4, Section 4.18)

Parking & vehicles

Motor vehicles, trailers, campers, boats, bicycles only in designated spaces; temporary parking allowed as of 1999 (Article 4, Section 4.11)

Architectural approval

Architectural Committee approval required for structural alterations, improvements visible from exterior, and any exterior changes such as solar, antennas, window coverings as of 1999 (Article 4, Sections 4.1, 4.3, 4.17; Arti)

Solar & roof

Solar collection devices prohibited if visible from neighboring property without ARC approval as of 1999 (Article 4, Section 4.1)

Home business

No gainful occupation; personal professional library or accounts allowed as of 1999 (Article 4, Section 4.0)

Signs & flags

No signs on exterior or visible from neighboring property; after all units sold, board may place one sign on common area as of 1999 (Article 4, Section 4.14)

Maintenance

Association maintains Common Elements; Unit Owners maintain their Unit and Limited Common Elements (e.g., patios, balconies) as of 1999 (Article 5, Sections 5.0, 5.1)

Use restrictions

All units shall be used exclusively for residential use by a Single Family as of 1999 (Article 4, Section 4.0)

Voting & meetings

Each unit has one vote as of 1999 (Article 2, Section 2.3)

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