Indian Bend Villa Condominiums

What Indian Bend Villa Condominiums's governing documents say

Indian Bend Villa Condominiums is a 16-unit condominium community in Phoenix, AZ. You own your unit individually and share ownership of common elements (including a pool, parking, and landscaping) as tenants in common. The association maintains exteriors, roofs, and common areas, while you maintain the interior of your unit. This document is the full declaration of covenants, conditions, and restrictions that binds all unit owners.

• What you own & maintain: You own the interior space of your unit (walls, floors, ceilings, windows, doors) and an undivided 1/16 interest in general common elements (building structure, land, pool, parking, etc.). The association maintains exteriors, roofs, and common areas; you maintain the interior, including fixtures, appliances, and termite control.
• Assessments & fees: Each unit pays an equal 1/16 share of annual assessments, initially capped at $480 per unit (subject to 5% annual increase by board vote). Special assessments for capital improvements require a 66% member vote. Delinquent assessments accrue 8% interest and become a lien on the unit, subordinate to first mortgages.
• Leasing & rentals: Units cannot be rented for transient or hotel purposes: minimum lease term is 30 days, and no customary hotel services (maid, linen, etc.) may be provided. Otherwise, owners may lease freely, subject to all governing documents.
• Pets: Commonly accepted household pets may be kept, but no animals may be raised, bred, or maintained for commercial purposes. No further numeric limit is stated.
• Architectural review: All improvements, alterations, or repainting of exteriors (including fences, walls, and structures) require prior written approval from the association. Plans must be submitted; if not approved or disapproved within 30 days, approval is deemed given. No changes may increase the unit's original square footage.
• Use restrictions: Units are limited to single-family residential use. No business, professional, commercial, religious, or institutional uses are allowed. No noxious activities, temporary structures, signs (except one small for-sale/rent sign in a window), or above-ground utility lines. Radio/TV antennas must not be visible from outside.
• Party walls & damage: Walls between units are party walls. If damaged by an owner or their guests, that owner must repair at their own cost. If damaged by other causes, the association repairs and may levy a special assessment. Disputes go to arbitration.

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.