Mountain Springs Terrace Condominium

What Mountain Springs Terrace Condominium's governing documents say

Mountain Springs Terrace is a 122-unit condominium community in Phoenix, Arizona. You own your individual unit's interior finishes; the association owns and maintains the building structure, common areas, and grounds, funded by equally-allocated per-unit assessments. Single-family residential use is required.

• What you own & maintain: You own the interior finishes of your unit (flooring, wallboard, paint, interior doors, and windows); the association maintains the exterior walls, building structure, common areas, parking, landscaping, and shared utility infrastructure.
• Ownership interest in common elements: Each of the 122 units has an equal 1/122 undivided interest in common elements, including the building structure, recreational areas, landscaped grounds, walkways, exterior walls, parking areas, and private drives.
• Voting rights: Each unit owner has one vote in the association; with 122 total units, voting power is allocated equally at one vote per unit.
• Property assessments & fees: Each unit pays an equal share (1/122) of the association's Common Expense Assessment, which covers maintenance, repairs, utilities, trash disposal, landscaping, insurance, and professional management. The association can also levy Special and Enforcement Assessments as needed.
• Master insurance: The association maintains master insurance covering the buildings and common elements, funded through assessments. Individual unit owners must obtain separate homeowners insurance for their units.
• Residential use only: Units are restricted to single-family residential use only, defined as either one or more persons related by blood, marriage, or legal adoption, or up to three unrelated persons sharing a common household.
• Common area access & easements: Unit owners and residents have the right to use common driveways, parking areas, and walkways for pedestrian and vehicle traffic. Utility companies and the association have easements to access and maintain utilities through common elements.

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.