La Verné

Key facts from La Verné's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

La Verné Condominium Association, Inc.

Developer / declarant

Peak Residential, Inc.

Governing law

Arizona Revised Statutes Title 33, Chapter 9 (Condominium Act); specifically A.R.S. Section 33-1220 (Recitals D (A.R.S. Section 33-1220), C ()

Assessments & dues

Board of Directors adopts budget and sets Common Expense Assessment in proportion to each Unit's Common Expense Liability as set forth in Section 2.2. Board may increase assessment during fiscal year if funds become inadequate. (Section 7.2.1)

Pets

Yes, but only Permitted Pets as defined. (Section 4.7)

Leasing & rentals

Yes, but only entire Unit may be leased (no partial leasing). (Section 4.19)

Maintenance

Unit Owner maintains, repairs, replaces all portions of his Unit and certain Limited Common Elements (per Subsections 2.8.1(i) and (ii)), exterior doors and door frames, windows and frames allocated per 2.8.1(iii). (Section 5.2)

Voting & meetings

Unit owners vote; amendments generally require 67% of votes; capital improvement assessment encumbrance requires more than two-thirds (2/3) vote; assessment increase exceeding 25% requires approval of not less than 51% of unit owners voting (Recital E (67%); Section 6.1 (2/3 for ca)

Amendments

Amendment requires approval of Unit Owners representing at least 67% of votes, unless Declarant exercises amendment rights during Declarant Control for purposes specified in Original Declaration Section 10.5 (compliance with law, correct er (Recitals C, D, E and Section 9 (certific)

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