La Costa, a Condominium

What La Costa, a Condominium's governing documents say

La Costa is a condominium community in Phoenix, AZ (Mesa area) created in 2006. This Declaration governs unit owners, who own their individual units and share undivided interests in common elements. The association maintains common areas and carries master insurance.

• What you own & maintain: Each unit owner owns the interior surfaces of their unit (walls, floors, ceilings, fixtures serving only that unit). The association maintains common elements and limited common elements (e.g., building structure, pipes serving multiple units). Owners are responsible for maintenance of their units and allocated limited common elements like parking spaces and storage rooms.
• Common elements & limited common elements: Each unit has a 1/196 undivided interest in common elements. Limited common elements include parking spaces (numbered same as unit), storage rooms, and exterior doors/windows. Utility fixtures serving only one unit are also limited common elements.
• Assessments & fees: The association levies regular assessments (budget-based), special assessments, individual expense assessments, and enforcement assessments. Each unit pays an equal share of common expenses. The association may also charge a transfer fee and require initial working capital.
• Use restrictions: Units are for residential use only. The declaration restricts antennas, alterations, trash, animals, motor vehicles, signs, window coverings, and rentals. Specific rules (e.g., pet limits, lease terms) are in the Rules adopted by the Board, not fully detailed in this excerpt.
• Leasing & rentals: The declaration includes a section on rental of units (Section 4.13). Exact lease term minimums or other restrictions are not specified in the provided text; the Board may adopt rules governing rentals.
• Conversion disclosure: This condominium was converted from multifamily rental (built around 1979). The declaration notes that the buildings were designed to rental apartment codes, not necessarily condominium codes.
• Insurance & maintenance: The association carries master property, liability, and fidelity insurance. Owners must maintain their own unit insurance. The association maintains common elements; owners maintain units and limited common elements allocated to them.
• Declarant rights: The original developer (Declarant) retains certain rights during the period of declarant control, such as maintaining sales offices, using common elements for marketing, and exercising development rights. These rights expire after 75% of units are sold or 4 years after last sale.

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.