Palmas Serena

What Palmas Serena's governing documents say

Palmas Serena is a 10-unit condominium community in Phoenix, AZ — you own your individual apartment (unit) and a one-tenth undivided interest in the common elements, which the homeowners' association maintains and insures. This declaration establishes the condominium regime, the association's powers, and the rights and obligations of unit owners, including assessments, maintenance responsibilities, and rules for alterations.

• What you own & maintain: You own the interior airspace of your apartment (defined by unfinished floor and ceiling surfaces and interior wall surfaces), including built-in appliances. The association maintains the common elements (e.g., exterior walls, roof, structural components, recreational facilities, parking areas, and utilities serving multiple units). You are responsible for interior maintenance, decorating, windows, doors, and heating/air conditioning equipment not part of the common elements.
• Assessments & fees: Each unit pays a proportionate share of common expenses (regular assessments) based on its one-tenth common element interest. Assessments are set annually by the board and are due monthly. A working capital fund of two months' assessments is collected at closing. Special assessments may be levied for unanticipated expenses. Delinquent assessments bear 12% annual interest and create a lien on the unit.
• Alterations & improvements: Nonstructural interior changes do not require board approval, but you are liable for any damage caused. Structural additions or alterations require prior board approval and an engineer's certification that structural integrity is not impaired. Any modification visible from outside the project (e.g., window coverings) also needs board approval.
• Party walls: Walls between apartments are party walls. Each adjoining owner shares responsibility. If an owner damages a party wall, they must repair it at their own cost. Damage from other causes is repaired by the association. Modifications to party walls require board consent.
• Association & voting: Each unit owner automatically becomes a member of the homeowners' association and gets one vote per unit (if multiple owners, they share one vote). Voting is suspended if assessments are unpaid for 15 days after notice. The developer retains control until 1988 or until 8 units are sold, after which owners take over the board. The board can adopt rules and regulations.
• Rental & leasing: The document allows owners to delegate their common element use rights to tenants or contract purchasers who reside in the unit. No minimum lease term, pet limits, or other rental restrictions are specified in this excerpt.
• What this document doesn't cover: This excerpt does not specify pet restrictions, minimum lease terms, age restrictions, parking rules, or detailed architectural guidelines (beyond approval for visible changes). Those may be covered in the association's rules and regulations or other constituent documents.

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.