Palm Terrace Condominium

What Palm Terrace Condominium's governing documents say

Palm Terrace Condominium is a condominium community in Phoenix, AZ — you own your individual unit and an undivided share of the common elements, which the association maintains and insures. Unit owners are automatically members of the association and must pay assessments for common expenses. Residential use only; no commercial operations, no transient or hotel-style rentals.

• What you own & maintain: You own the interior of your unit (excluding structural parts, pipes, wires serving others), plus a patio and assigned parking space. The association maintains exterior walls, floor/ceiling slabs, common elements, and the building's structural systems. Unit owners are responsible for interior finishes, appliances, windows, and any damage they cause.
• Pets: No animals except a single dog, cat, or other household pet per unit. Pets must be leashed outside, not bred or kept for commercial purposes, and owners indemnify the association for any damage.
• Leasing & rentals: Leases must be in writing and cannot be for transient or hotel purposes. All leases must state they are subject to the governing documents; failure to comply constitutes a lease default. The owner retains voting rights and is responsible for tenant violations.
• Parking & vehicles: No boats, RVs, campers, trailers, or vehicles with oversized camper shells. Only licensed, quiet, operative passenger cars and small pickup trucks (≤¾ ton). No vehicle repairs or rebuilding on the property. Each unit has exclusive use of at least one parking space (8.5' x 20').
• Alterations & decorations: No structural alterations inside a unit without prior board approval and an engineer's certification. Any visible change from outside must be approved. Exterior appearance (paint, reflective materials, drapes off-white) is controlled. Patio decor requires board approval.
• Use restrictions: No organized religious, professional, commercial, or industrial operations. No signs visible from outside (except by Declarant during sales). No nuisance, illegal acts, or anything that increases insurance rates. Trash must be in provided receptacles.
• Assessments & fees: Annual assessments start at $780/unit (as of 1983), adjustable annually by CPI increase without vote. Special assessments (capital improvements) require a 75% vote. Delinquent assessments become a lien and personal obligation. The association can charge late fees and attorneys' fees.
• What this document doesn't cover: No mention of minimum lease term length, age restrictions, specific pet weight limits, or amenities (pool, gym, etc.). The document is from 1983 and figures (like $780 assessment) are outdated; current fees and rules may differ. Rules on short-term rentals (e.g., Airbnb) are not specified beyond 'no transient or hotel purposes.'

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.