Mirage Condominiums No. I

Key facts from Mirage Condominiums No. I's documents

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

Community type

Condominium (Throughout)

Governing law

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

Assessments & dues

Board of Directors adopts a budget; Common Expenses are assessed against each Unit in proportion to its Common Expense Liability (equal between Units). (Article 7 §A)

Special assessments

Not explicitly addressed; only 'Common Expense Assessment' mentioned. (Article 7 §A)

Collections & liens

Assessment lien is subordinate to the lien of any First Mortgage. Upon foreclosure, purchaser acquires title free of claims for unpaid Assessments that became payable prior to sale. Delinquent amounts may be reallocated as Common Expense. (Article 7 §B)

Parking & vehicles

No inoperable vehicle may be stored or parked on any portion of the Condominium so as to be Visible From Neighboring Property. Except for emergency repairs, no motor vehicle shall be constructed, reconstructed, serviced, or repaired on any (Article 4 §4.9)

Architectural approval

Structural additions, alterations, or improvements within a Unit, or modifications to the color or texture of any exterior part of the Unit require prior written approval of the owner of the Adjacent Unit. Nonstructural interior additions/a (Article 4 §4.3)

Solar & roof

No solar collection or energy device may be placed on a Unit, roof, walls, or Limited Common Elements if visible from Neighboring Property, without advance written consent of owner of Adjacent Unit. (Article 4 §4.1)

Home business

Prohibited, except personal professional library, business records, and personal business calls/correspondence. (Article 4 §4)

Signs & flags

Declarant may maintain sales/leasing signs on Common Elements. No other sign restrictions mentioned for Unit Owners. (Article 3 §3.3(A))

Maintenance

Association has duties as Unit Owners jointly determine. Unit Owner shall maintain, repair, replace and restore his Unit and Limited Common Elements allocated to his Unit. Unit Owner is liable for damage to Common Elements or other Units ca (Article 5 §5, §5.1(A), (B), §5.2)

Insurance

Each Purchaser shall maintain fire, casualty, and liability insurance on his Unit at full replacement value, with carrier rated B+ or better. Liability coverage at least $500,000 for each Purchaser and owner of Adjoining Unit jointly. Evide (Article 8 §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 allowed, but Unit Owner may maintain personal professional library (Article 4 §4)

Voting & meetings

Each Unit has one vote. Votes allocated equally among all Units. (Article 2 §2.3)

Amendments

Declaration may be amended only by vote of Unit Owners to which 100% of votes allocated, except as allowed for Declarant exercising Development Rights or under Condominium Act. Amendments must be recorded. Unanimous consent required for cha (Article 10 §10.4(A), (B))

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