Norac Condominium

Key facts from Norac Condominium's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

A.R.S. §33-1227(A) (Recitals)

Reserves & fees

Any assessment, or any installment of an assessment, which is not paid within fifteen (15) days after the assessment became due, shall be deemed delinquent as of the original due date for the missed assessment and a late charge of $15.00 or (Paragraph 18(A))

Insurance

To insure, to the extent reasonably available, the Common Elements in an amount equal to the maximum insurable replacement value of the Common Elements, as determined by the Board of Management; provided, however that the total amount of in (Paragraph 12(H)(i))

Use restrictions

Only multi-family residential dwellings, storage buildings and carports for the use in connection with such dwellings shall be constructed, maintained or permitted on the Tracts. (Paragraph 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.