Monaco Condominiums

What Monaco Condominiums's governing documents say

Monaco Condominiums is a 2-unit condominium in Fountain Hills, AZ — you own your unit individually and share the common elements with one neighbor. This document is the full governing set: Declaration, Bylaws, and Articles of Incorporation. It applies to unit owners, their tenants, and guests.

• Use restrictions: Each unit is for single-family residential use only. No business, profession, or trade is allowed. No solar panels, satellite dishes, or antennas visible from neighboring property without the adjacent owner's written consent. Outdoor clotheslines are prohibited.
• Alterations & approvals: Nonstructural interior changes do not need approval. Any structural change or modification to the exterior (color, texture) requires the prior written approval of the owner of the adjacent unit. You are responsible for damage to common elements or other units resulting from your alterations.
• Insurance: Each unit owner must carry fire, casualty, and liability insurance on their unit at full replacement value. The minimum liability coverage is $500,000 per owner (shared with the adjacent owner). Evidence of insurance must be provided to the adjacent owner.
• Vehicles: No inoperable vehicles may be stored or parked on the property visible from neighboring property. Except for emergency repairs, no vehicle servicing or repair is allowed if visible from neighboring property.
• Nuisance & quiet enjoyment: No nuisance or offensive activity is permitted. Exterior speakers, horns, and other sound devices are prohibited except for security or emergency use. All laws and zoning ordinances must be followed.
• Dispute resolution: Disputes between unit owners must first be resolved through a 21-day notice, then referred to binding arbitration. The arbitrator is chosen by mutual agreement or, failing that, by the Maricopa County Superior Court.
• Architectural review: The condominium is subject to the Fountain Hills Committee of Architecture and an Architectural Committee appointed by the Board. The more restrictive rules govern if there is conflict.
• What this document doesn't cover: This document does not set minimum lease terms, pet limits, age restrictions, or specific assessment amounts. It also does not govern rental terms beyond requiring compliance by tenants.

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.