Icon on Missouri, a Condominium

Key facts from Icon on Missouri, a Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Document title and submission to Condomi)

Developer / declarant

Nelson Companies 3, LLC, an Arizona limited liability company (Opening paragraph)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.1)

Assessments & dues

Board adopts budget each fiscal year; Common Expense Assessment assessed against each Unit in proportion to its Common Expense Liability based on square footage as shown in Exhibit B. (Section 7.1, 7.2.1)

Special assessments

Requires approval by Unit Owners representing two-thirds of votes in person or by proxy at a meeting, except for assessments for reconstruction after damage/destruction under Section 9.1. (Section 7.3)

Collections & liens

All assessments, penalties, fees are secured by Assessment Lien under Condominium Act; recording this declaration perfects lien. Association may foreclose lien as a realty mortgage. (Section 7.4.2, 7.4.3)

Reserves & fees

Board establishes reserves for major components of Common Elements; funded from regular assessments and Reserve Contributions (7.12). Reserve study update at least every 5 years. Withdrawal requires two board members or one board member and (Section 7.13)

Pets

Yes, limited to Permitted Pets: household bird or dog/cat weighing less than 25 pounds; maximum two Permitted Pets per Unit. (Section 4.8)

Leasing & rentals

Yes, but only entire Unit; lease must be in writing, subject to Declaration and Rules. (Section 4.21)

Parking & vehicles

No truck, mobile home, travel trailer, tent trailer, trailer, camper shell, detached camper, recreational vehicle, boat, boat trailer, or similar equipment may be parked, kept, maintained, constructed, or repaired on any part of the Condomi (Section 4.13)

Architectural approval

Prior written approval of Board required for: structural additions/alterations/improvements; any addition/alteration/improvement visible from exterior (including balcony enclosures); additions/alterations to Common Elements. Nonstructural i (Section 4.5)

Home business

Permitted if: (i) not apparent/detectable by sight/sound/smell from outside; (ii) conforms to zoning; (iii) no visitors or door-to-door solicitation; (iv) consistent with residential character, not a nuisance/hazard. (Section 4.1)

Signs & flags

No signs (including For Sale/For Rent) visible from exterior or on Common Elements without Board approval. (Section 4.16)

Maintenance

Association maintains all Common Elements (including heating/cooling units, balcony walls). Unit Owner maintains Unit and specified Limited Common Elements: pipes/ducts serving only the Unit, exterior doors/windows, interior of balcony. (Section 5.1, 5.2)

Use restrictions

All Units shall be used exclusively for residential use. (Section 4.1)

Voting & meetings

One vote per Unit (Section 2.7: 'each Unit having one (1) v)

Amendments

Amendment to Declaration requires approval as per Condominium Act and Section 11.2 (first mortgagee approval for certain amendments). (Section 13.5, 11.2)

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