Mirage Condominiums Lxxiv

Key facts from Mirage Condominiums Lxxiv's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title)

Legal name

Mirage Condominiums Home Owners Association, Inc. (Section 1.1(E))

Developer / declarant

Scott Properties, Inc., an Arizona Corporation (Opening paragraph)

Governing law

Arizona Condominium Act, A.R.S. § 33-1201, et seq. (Article 1, Section 1)

Assessments & dues

Total estimated Common Expenses in budget adopted by Board of Directors assessed against each Unit in proportion to Common Expense Liability (equal allocation per Section 2.2). (Article 7, Section A; Section 2.2)

Collections & liens

Assessment Lien subordinate to First Mortgage; foreclosure sale or deed in lieu extinguishes unpaid assessments prior to sale; delinquent amounts may be reallocated as Common Expense; defaulting owner remains liable for post-sale accruals. (Article 7, Section B)

Reserves & fees

Common Expenses include allocations to reserves (definition). (Section 1.1(J))

Pets

No mention in provided text. (N/A)

Leasing & rentals

Not directly addressed in provided excerpts; but see mortgagee protections regarding leasing of Units (Section 9.1(A)(x) requires mortgagee approval for amendments imposing restrictions on leasing). (Section 9.1(A)(x))

Parking & vehicles

No specific parking rules except that during Declarant marketing, Declarant may restrict use of parking spaces not allocated as Limited Common Elements; no vehicle construction, reconstruction, service or repair if visible from Neighboring (Section 3.3(C); Section 4.9)

Architectural approval

Architectural Committee established by Board; regulates external design, appearance, use and maintenance; Architectural Committee Rules adopted. Also subject to Fountain Hills Committee of Architecture. (Section 6.3; Section 4.12)

Solar & roof

No solar collection or energy device may be placed on Unit, roof, walls, or Limited Common Elements if visible from Neighboring Property without advance written consent of owner of Adjacent Unit. (Section 4.1)

Home business

Not expressly prohibited except that no gainful occupation may be conducted; however, Unit Owner may maintain personal professional library, records, accounts, handle personal business calls or correspondence. (Article 4, Section 4)

Signs & flags

Not specifically prohibited in general, but Declarant has right to maintain advertising or sales signs on Common Elements during sales period. (Section 3.3(A))

Maintenance

Unit boundaries include top surface of roof, suggesting roof is part of Unit and thus owner's responsibility. However, if roof serves more than one Unit, portions may be Common Elements. (Section 2.1(A) (Unit boundaries include )

Insurance

Each Purchaser shall maintain fire, casualty and liability insurance on his Unit at full replacement value as required by Association or agreement of both Unit Owners; minimum $500,000 liability coverage jointly with adjoining owner if no l (Article 8, Section 8)

Use restrictions

Each Unit and Limited Common Elements shall be used exclusively for residential use by a Single Family. No gainful occupation, profession, trade or other nonresidential use, except personal business records and calls. (Article 4, Section 4)

Voting & meetings

One vote per Unit (Units 1 and 2 each have one vote). Allocation equal among Units. (Section 2.3)

Amendments

Declaration (including Plat) may be amended only by vote of Unit Owners to which at least 100% of votes allocated (i.e., unanimous consent of Unit Owners), unless otherwise permitted by Condominium Act or exercised by Declarant during Decla (Section 10.4(A); Section 9.1)

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