Marble Club Aviation Commercial Condominium Hangars

What Marble Club Aviation Commercial Condominium Hangars's governing documents say

Marble Club Aviation Commercial Condominium Hangars is a commercial aircraft hangar condominium in Arizona where you own your individual hangar unit and share ownership of common elements (taxiways, parking, structural infrastructure, utilities) managed by the association. Each unit holds a fixed percentage interest in the common elements and receives one vote per percentage point in association decisions. All owners are bound by this declaration and responsible for assessments, maintenance obligations, and use restrictions.

• What you own & maintain: You own your individual hangar unit's interior surfaces and bounded space; the association owns and maintains common elements including ground improvements, parking, taxiways, structural components, and shared utilities. You are responsible for your unit's interior repairs, roof maintenance, and any limited common elements (like exterior doors/windows) allocated exclusively to your unit.
• Common Interest & voting rights: Each unit's ownership share is fixed as a percentage of common elements (the four current units: Unit 1 is 29.00%, Unit 2 is 22.93%, Unit 3 is 20.14%, Unit 4 is 27.93%). Your vote in association decisions equals one vote multiplied by your unit's percentage—higher percentages carry more voting power. Decisions require approval from members holding more than 60% of total votes.
• Assessments & payment penalties: Annual assessments are charged per unit proportional to its common interest percentage and fund maintenance, repairs, utilities, and reserves. Late fee: $15 if unpaid within 10 days of due date; if unpaid after 30 days, 12% annual interest accrues. The association can also levy special assessments for unexpected expenses or capital improvements.
• What the association maintains: The association maintains all common elements—parking, taxiways, driveways, structural parts, bearing walls, utilities (water, sewer, electric, gas, phone, heating/cooling)—and provides water, sewer, and garbage service to all units (included in assessments unless separately metered).
• Architectural approval: Alterations and improvements to your unit require association approval. The board reviews plans and approvals are based on consistent standards designed to protect the community's appearance and value.
• Use restrictions: The declaration prohibits nuisances and regulates vehicle use, animals, garbage disposal, and antennas. Specific restrictions are detailed in the association's bylaws and house rules, which all owners and tenants must follow.
• Leasing your unit: You have the right to lease your hangar to tenants, subject to terms and conditions set in the association's bylaws and house rules.

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.