Phoenix Professional Tower

Key facts from Phoenix Professional Tower's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article 1)

Legal name

PHOENIX PROFESSIONAL TOWER CONDOMINIUM ASSOCIATION (Section 1.8)

Developer / declarant

EARLL CENTRAL, LLC, an Arizona limited liability company (Recitals and Section 1.18)

Governing law

Arizona Condominium Act, A.R.S. § 33-1201 et seq. (Recitals and Section 1.5)

Assessments & dues

Not fixed; annual assessments are set by the Board to meet Common Expenses (Section 4.2 purpose). (Section 4.2)

Special assessments

Special Assessments may be levied by the Board for capital improvements or emergencies (Section 4.4). (Section 4.4)

Collections & liens

The Association has a lien on each Unit for unpaid assessments, enforceable by foreclosure (Section 4.8.1). (Section 4.8.1)

Leasing & rentals

Owners may lease Units; leases must be in writing, for a term of at least one year (except Declarant’s initial leases), and comply with rules (Section 8.8). Amendment permits Space Landlords to assign notice and cure rights to tenants (Amen (Section 8.8; Amendment para 12)

Parking & vehicles

Parking assigned per Exhibit B; each Unit has specific reserved and unreserved spaces and Parking Space Equivalents (visitor validation) (Amendment Exhibit B). Association may enforce violations by ticketing and towing (Section 2.1.4). (Section 2.1.4; Amendment Exhibit B)

Signs & flags

No signs on Units or exterior without Association approval (Section 8.4). Monument Signage and Building Signage may be allocated to Units (Amendment para 5). (Section 8.4; Amendment para 5)

Maintenance

Waterproof membrane and roof structure of decks on 8th and 9th floors are General Common Elements maintained by Association (Section 2.1.6). (Section 2.1.6)

Insurance

Owners shall maintain insurance on their own Unit and improvements, and liability insurance (Section 10.5.9). (Section 10.5.9)

Use restrictions

No noxious or offensive activity; no annoyance or nuisance to other Owners (Section 8.2). (Section 8.2)

Voting & meetings

Class A: each Owner (other than Declarant) has one vote per Unit; Class B: Declarant has number of votes equal to number of Units owned (Section 3.4.2). Class B membership terminates upon earliest of: (a) 5 years after recording first state (Sections 3.4.2, 3.6)

Amendments

Declaration may be amended by Declarant until control is transferred; thereafter by Owners with vote of at least 67% of allocated votes, except where higher percentage required by law (Section 10.2). Original requirement for Adjacent Proper (Section 10.2; Amendment para 19)

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