Palma Serena

What Palma Serena's governing documents say

Palma Serena is a 10-unit condominium community in Phoenix, AZ. You own your individual apartment (including interior surfaces and certain fixtures) and an undivided one-tenth (1/10) interest in the common elements, which the association maintains. The declaration governs ownership, assessments, use restrictions, and obligations for all unit owners.

• What you own & maintain: You own the airspace within your apartment (from finished floor to finished ceiling, bounded by interior surfaces of perimeter walls) and certain appliances; you maintain interior surfaces, fixtures, windows, doors, and heating/cooling equipment. The association maintains structural elements, common elements, and utility infrastructure serving multiple units.
• Common elements & shared facilities: Common elements include recreational facilities, stairwells, walks, parking areas, trees, exterior lighting, pipes, wires, heating/cooling systems, swimming pool(s), and all property for common use. Each unit has a 1/10 undivided interest in these areas.
• Assessments & fees: Regular assessments are set annually by the board, payable monthly by the 15th. Late payments accrue 12% annual interest. Special assessments may be levied for unanticipated expenditures. Assessments are a lien on the unit. A working capital fund of at least two months' assessments is collected at closing.
• Voting & membership: Each unit gets one vote, regardless of number of owners. Voting rights are suspended if assessments are unpaid for 15 days after notice. Declarant controls the association until 1988, sale of 8 units, or voluntary relinquishment.
• Alterations & improvements: Nonstructural interior changes don't need prior board approval, but you're liable for resulting damage. Structural changes require an engineer's certification and board approval. Any alteration visible from outside must be approved by the board for aesthetic harmony.
• Party walls: Walls between units are party walls. If you negligently damage a party wall, you must repair it at your own cost. Damage from other causes is repaired by the association. Proposed alterations affecting party walls need board consent.
• Maintenance responsibilities: Unit owners maintain interior surfaces, fixtures, windows, doors, appliances, and HVAC equipment (unless part of common elements). The association maintains structural components, common elements, and utility systems. Owners must keep windows clean unless board determines otherwise.
• Leasing & occupancy: The document does not specify minimum lease terms or restrictions on leasing. Occupancy rules may be addressed in separately adopted rules and regulations.

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.