Harvard Place Condominium

What Harvard Place Condominium's governing documents say

Harvard Place Condominium is a 14-unit condominium community in Phoenix, AZ. Owners own individual units and share undivided interests in common elements. The association maintains common areas, carries master insurance, and assesses monthly fees. This declaration governs unit use, assessments, insurance, and other condominium operations.

• What you own & maintain: Each owner owns the interior space of their unit (walls, floors, ceilings). Common elements (land, roofs, structural components, mechanical systems, pool, parking, landscaping) are maintained by the association. Patios and assigned parking are limited common elements for exclusive use by the benefiting unit.
• Association & voting: The Harvard Place Condominium Association runs the community. Voting is by unit: Class A (non-declarant owners) get one vote per unit; Class B (declarant) gets three votes per owned unit. Class B voting rights convert to Class A upon certain events (e.g., sale of units or after 5 years from first unit sale).
• Assessments & fees: Monthly common expense assessments are set by the board, initially capped at $75/unit. The cap can increase annually based on the Consumer Price Index, or by a 67% vote. Special assessments for capital improvements require 67% approval. Late payments incur 12% annual interest and up to 25% late fee, plus a lien on the unit.
• Insurance: The association carries master casualty insurance for buildings and common elements (replacement cost), comprehensive liability insurance (minimum $1M per occurrence), and fidelity bonds. Owners may buy additional coverage for personal property and improvements. Insurance proceeds are held in escrow and applied to restoration or distributed per the declaration.
• Parking & vehicles: Parking spaces are part of the common elements. Some are assigned as limited common elements (per the plat). Use of all parking is subject to board rules and regulations.
• Use restrictions: Common elements may be used by all owners and occupants for access and recreation, subject to board regulations. The board can suspend use rights for up to 60 days for rule violations or until unpaid assessments are resolved. Owners have a perpetual right of ingress/egress to their units.
• Alterations & architectural review: Units may be altered only with architectural approval (document references paragraph 18 on architectural control). Exterior changes affecting common elements or limited common elements (e.g., patios, windows) are subject to association consent.

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.