Luxelocker North 55 Commercial Condominiums

Key facts from Luxelocker North 55 Commercial Condominiums's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial Condominiums (storage units) (Title; Section 1.2)

Legal name

Luxelocker North 55 Commercial Condominiums Owners Association, Inc. (Section 3; Section 8.1)

Developer / declarant

Glendale Storage Partners LLC, a Nevada limited liability company (First paragraph after table of contents)

Governing law

Condominium Act of the State of Arizona, Title 33, Chapter 9, Articles 1 through 4 (Section 3 (definition of Condominium Act)

Assessments & dues

Regular Assessments for all estimated expenses; Special Assessments for capital improvements/shortages; Limited Assessments for costs attributable to specific Owner; Transfer Assessments for transfers; rates set by Board/Association (Sections 9.3, 9.4, 9.5, 9.6)

Special assessments

Costs of capital improvements, replacements, equipment purchases, or shortages in Regular Assessments; authorized per Section 9.4 (Section 9.4)

Collections & liens

Association has right to enforce payment; Assessment Liens; Method of Foreclosure; Required Notice; Subordination; Declarant Exemption (Section 10)

Reserves & fees

Association may establish operating and capital reserves via Assessments as Board deems necessary or prudent (Section 8.7.1)

Pets

No sheltering animals in Units (leaving unattended); animals belonging to Owner, Condo Lessee, or guests must be kept on leash and under control; waste must be picked up (Section 7.3.8; Section 7.3.9)

Leasing & rentals

Yes (Section 7.4)

Parking & vehicles

No parking or storing motor vehicles outside Units except inside Unit; vehicles outside Unit must be operable and not stored (parked >2 consecutive hours) unless in front of that Unit for allowed uses; Board may remove inoperable/improperly (Section 7.5)

Architectural approval

Alterations to interior of Unit that may affect structural integrity require prior approval of Management Company; Board provides specifications; no alteration allowed that adversely affects Common Area or structural integrity (Section 7.15)

Solar & roof

No energy devices on Common Area without Board approval; Declarant may install solar devices in Common Area at its sole discretion (Section 7.14)

Home business

No retail/wholesale outlet; no manufacture/assembly for sale; no business activities for pecuniary benefit; inventory and record storage for lawful trade or business permitted (Sections 7.3.1, 7.3.2, 7.3.3, 7.2.2, 7.2)

Signs & flags

No sign of any kind displayed from exterior of any Unit or from Common Area without prior written consent of Board (Section 7.7)

Maintenance

Association maintains exterior surfaces including roofs (Section 8.8.5)

Insurance

Owner may obtain own insurance (Section 13.4) (Section 13.4)

Use restrictions

Units shall not be used for residential purposes, permanent or temporary (Section 7.3.7)

Voting & meetings

One membership per Condominium; each membership has one vote. Co-owners must select one representative; if unable to agree, no vote on that matter. Declarant has proxy rights during Initial Development Period. (Section 8.2)

Amendments

Section 20.1: Amendment (details not excerpted) (Section 20.1)

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