North Delaware Condominiums

Key facts from North Delaware Condominiums's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 2.1)

Legal name

North Delaware Condominiums

Units / lots

At least 3 (Units 1, 3, 5 referenced in parking allocation) (Section 4.4(B))

Developer / declarant

North Delaware Investors, L.L.C., an Arizona limited liability company (Opening paragraph, Recitals)

Governing law

Arizona Condominium Act, A.R.S. §§33-1201 et seq. (Recital C, Article 2.2)

Assessments & dues

Board of Directors adopts a budget at least 60 days before each fiscal year; the total estimated Common Expenses (except those assessed to fewer than all Units) are assessed against each Unit in proportion to its Common Expense Liability (e (Sections 10.3(A), 10.4(A), 10.4(B))

Special assessments

Allowed; any Special Assessment greater than 25% of the total budget for that year must be approved by Unit Owners representing a majority of votes voting in person or by proxy at a meeting, and by Declarant during the Period of Declarant C (Section 10.5)

Collections & liens

All Assessments, monetary penalties, and other charges are secured by an Assessment Lien as provided in A.R.S. §33-1256; recording of this Declaration constitutes record notice and perfection; Association may record a notice of delinquent a (Sections 10.1, 10.7(B), 10.7(C))

Reserves & fees

Budget must include an adequate allocation to reserves as part of the Common Expense Assessment; reserves for contingencies and replacements are specifically listed (Section 10.3(A)(v) and last sentence of )

Leasing & rentals

Yes, but all leases must be in writing and provide that the lease terms are subject to Condominium Documents; lessee's failure to comply with Condominium Documents is a default under the lease (Section 7.13)

Parking & vehicles

No truck, mobile home, motor home, travel trailer, tent trailer, trailer, ATV, bus, camper shell, detached camper, recreational vehicle, boat, boat trailer, or similar vehicle may be parked on any part of the Condominium other than in an as (Section 7.7)

Architectural approval

Structural additions, alterations, or improvements within a Unit require prior written approval of the Board and a certification by a licensed architect or engineer; nonstructural changes visible from the exterior require prior written cons (Section 7.4)

Signs & flags

No emblem, logo, sign or billboard visible from exterior without prior written approval of Declarant (during control period) or Board (after); exceptions: Declarant's sales/lease signs, signs placed or approved by Declarant/Board, signs req (Section 7.10)

Maintenance

Roof is a Limited Common Element allocated to the Unit (Section 3.1(A)); Association maintains structural elements of Limited Common Elements (Section 8.1) and roof is not listed among Unit Owner's specific maintenance duties (Section 8.2), (Sections 3.1(A), 8.1, 8.2)

Use restrictions

No; Units shall be used for retail, light industrial, assembly, warehouse, research and development, back office or flex office uses. Residential use is specifically prohibited. (Section 7.3 and Section 7.3(A)(i))

Voting & meetings

Each Unit Owner has votes equal to the number of net square feet in the Unit as set forth on the Plat; if multiple owners, vote cast as a single vote as they determine among themselves (Section 4.7)

Amendments

Not fully detailed; Section 14.5 says 'Amendment' but text incomplete; however, Section 4.6 provides for reallocation of Limited Common Elements by amendment to this Declaration made in accordance with §33-1218(B) of the Condominium Act; du (Sections 14.5, 4.6, 5.1(D), (E))

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