North Central Rose Lane Village Condominium

What North Central Rose Lane Village Condominium's governing documents say

North Central Rose Lane Village Condominium is a 24-unit condominium community in Phoenix, AZ, created by a 1972 Declaration of Horizontal Property Regime. You own your individual apartment unit and a share of the common areas (including a swimming pool, parking, and patios), with the association managing the property and setting assessments.

• What you own & maintain: You own the space within your unit's perimeter walls and the interior finished surfaces. The association maintains the common areas and facilities (land, roof, exterior walls, parking, pool, utilities). Each unit also has a restricted common area (a parking space and patio) assigned for your exclusive use.
• Leasing & rentals: Leases must be for at least 30 days; transient or hotel-style rentals (less than 30 days or with hotel services) are prohibited. Otherwise, owners may rent their units, subject to the declaration and association bylaws.
• Assessments & liens: The association levies assessments (monthly and special) for common expenses. Unpaid assessments become a lien on the unit, prior to all other liens except property taxes and first mortgages. The association can foreclose on the lien and seek a money judgment.
• Common areas & facilities: Common areas include the land, buildings, roof, parking, drives, patios, swimming pool, utilities, and more. Each unit has an undivided interest in the common areas, which cannot be partitioned. Specific parking spaces and patios are allocated as restricted common areas for each unit.
• Party walls: Walls between units are party walls shared by adjoining owners. If damaged by one owner, that owner must repair at their cost. If damaged by other causes, both owners share repair costs equally. Modifications to a party wall require written consent from the adjoining owner. Disputes go to arbitration.
• Insurance: The association must carry blanket property insurance (fire, extended coverage, liability) on the common areas, paid from a separate escrow account funded by assessments. Individual unit owners may also obtain their own insurance.
• Use restrictions: Units must be used only as private dwellings. No owner may exempt themselves from assessments by waiving use of common areas. The declaration requires unanimous consent of all owners and mortgagees to amend.

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.