Lofts on Thomas

What Lofts on Thomas's governing documents say

Lofts on Thomas is a condominium in Phoenix, Arizona where you own your unit's interior and share ownership of the building's common elements. The Association maintains common elements and collects per-unit assessments (allocated by square footage) to cover maintenance, management, utilities, insurance, and other shared costs. Each unit has one vote in Association governance.

• What you own & maintain: You own your unit's interior (defined by unfinished surfaces of walls, floor, and ceiling). The Association maintains all common elements and carries fire, casualty, liability, and worker's compensation insurance. You are responsible for maintaining limited common elements (such as utility systems) allocated solely to your unit.
• Your voting power & assessment share: Each unit has one vote in the Association, regardless of unit size. Your share of assessments is calculated based on your unit's square footage relative to all units in the building.
• What's covered by assessments: Assessments cover maintenance and repair of common elements, management and administration, utilities (including basic cable), landscaping, trash collection, property taxes levied on common elements, reserves, bonding of officers, and insurance. Special and enforcement assessments may also be levied.
• Parking & exclusive-use areas: Parking spaces are allocated to specific units per the Declaration. Units 101 and 102 each have an exclusive-use patio. Your unit's doors, windows, and private utility lines are limited common elements allocated solely to you.
• Utility access & entry notice: The Association and utility companies have easements to access, install, repair, and maintain pipes, wiring, and mechanical systems through common elements and units. Except in emergencies, the Association must provide at least 48 hours' written notice before entering your unit.
• Pest control & temporary vacancy: The Association may treat the entire building for insects, rodents, or wood-destroying pests. Occupants of affected units may be required to vacate temporarily. The Association will provide 7–30 days' notice of treatment dates and anticipated duration; occupants are responsible for their own accommodations during treatment.
• Declarant's temporary development rights: The Declarant (Lead Phoenix, LLC) has special rights during the "Period of Declarant Control," ending on the earlier of 120 days after 75% of units are sold or 7 years from the declaration's recording date. These include adding real estate to the condominium and creating or subdividing units.

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.