Los Olivos Condominium

Key facts from Los Olivos Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Los Olivos Condominium Association (Section 1.1(D))

Units / lots

64 (based on equal allocation of 1/64 per Unit) (Section 2.2)

Developer / declarant

New Los Olivos Condominium, LLC, an Arizona limited liability company (Preamble)

Governing law

Arizona Condominium Act, A.R.S. §§33-1201 et seq. (Section 1.0)

Assessments & dues

Board prepares budget; Common Expense Assessment levied based on budget; each Unit pays equal share (1/64 of total Common Expenses) (Sections 7.0, 7.1, 2.3)

Special assessments

Allowed as provided in Section 7.2 (Section 7.2)

Collections & liens

Assessment Lien granted to Association per A.R.S. §33-1256; Section 7.6 subordinates to mortgages (Section 1.1(C) and 7.6)

Reserves & fees

Reserves referenced in Section 7.14 (Section 7.14)

Pets

Yes, generally recognized house pets only (Section 4.6)

Leasing & rentals

Yes, subject to restrictions (Section 4.18)

Parking & vehicles

One covered parking space per Unit assigned by Board; Family Vehicles only (Section 4.12)

Architectural approval

Yes, Board approval required for any Modification visible from exterior or that affects structural/mechanical systems; interior nonstructural modifications not requiring approval (Section 4.3(A) and (C))

Home business

Permitted subject to conditions: not apparent from outside, conforms to zoning, no door-to-door solicitation, max 1 non-resident employee, no excessive traffic/parking, no hazardous materials, consistent with residential character (Section 4.0)

Signs & flags

No signs visible from exterior without Board approval, except: (i) Declarant signs; (ii) Board-approved common area signs; (iii) required legal signs; (iv) approved signs. Maximum door sign 6x12 inches for name/address. (Section 4.14)

Maintenance

Association maintains Common Elements; Unit Owners maintain interior of Units and portions of Limited Common Elements allocated to them (e.g., patios, windows/doors, utility meters) (Sections 5.0, 5.1(B), 2.1(D))

Insurance

Association shall obtain property insurance covering Common Elements and Units (excluding interior improvements and personal property) as per Section 8.0 (Section 8.0)

Use restrictions

Units and Limited Common Elements used exclusively for residential use by a Single Family (Section 4.0)

Voting & meetings

One vote per Unit; total of 64 votes (Section 2.4)

Amendments

As provided in Section 12.5; during Declarant Control, Declarant may amend certain provisions; otherwise amendment requires vote per Condominium Act (Section 12.5)

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