Power Ranch Professional Village

Key facts from Power Ranch Professional Village's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condo (Document type)

Legal name

Power Ranch PV Condominium Association (Section 2.3)

Units / lots

18 (Units 101 through 118) (Section 2.4: "The identifying numbers of)

Developer / declarant

Power Ranch Professional Village Development, L.C., an Arizona limited liability company (Section 1.2.17)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.1)

Assessments & dues

Board of Directors prepares a budget and assesses Common Expenses against each Unit according to its Common Expense Liability percentage (Sections 7.1 and 7.2)

Special assessments

May be levied by Board as provided in Section 7.3. (Section 7.3)

Collections & liens

Assessment Lien granted by Condominium Act; Association may foreclose for nonpayment of Assessments (Section 7.5) (Sections 1.2.4, 7.5)

Reserves & fees

Reasonable reserves as deemed appropriate by Board or required by Condominium Documents. (Section 1.2.11(e), Section 7.12)

Pets

No animals, birds, reptiles, fowl, poultry, livestock except fish in aquariums and service animals for handicapped/disabled persons. (Section 4.4)

Leasing & rentals

Yes, but lease must be in writing, subject to Declaration, and Unit Owner must provide lease information to Association at least 10 days before lease term. (Section 4.15)

Parking & vehicles

Parking Spaces are on first come, first serve basis unless allocated as Limited Common Element. No parking except in designated Parking Spaces. No inoperable vehicles, no repair. Towing of violators allowed. (Section 3.3.4, Section 4.6, Section 4.10)

Architectural approval

Yes; nonstructural additions within Unit do not require prior Board approval, but changes to Perimeter Building Walls, Party Walls, exterior-visible alterations, and structural changes require prior written Board approval. Also may require (Section 4.3)

Home business

Professional offices are the primary permitted use; not a home business in residential sense (Section 4.1)

Signs & flags

No signs on exterior of Building or visible from exterior without prior Board approval. Board may permit signs identifying Unit Owner/Lessee. Declarant may also grant licenses/easements for signs. Signs must comply with Town of Gilbert ordi (Section 4.11)

Maintenance

Association maintains Common Elements (except Limited Common Elements allocated to Unit Owners) and Perimeter Building Walls (except windows and doors). Unit Owners maintain their own Unit interior, Limited Common Elements allocated to thei (Sections 5.1, 5.2)

Use restrictions

False (commercial offices only) (Section 4.1)

Voting & meetings

Total votes = 100. Votes allocated per Unit's percentage undivided interest in Common Elements. (Section 2.7)

Amendments

Amendments to Declaration require consent of Members holding at least 67% of total votes, except Declarant may amend unilaterally during Period of Declarant Control to comply with law or correct errors without adversely affecting Unit Owner (Section 12.5, Section 1.2.19(f)-(g))

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