Promenade Commons at Fulton Ranch

Key facts from Promenade Commons at Fulton Ranch's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Promenade Commons At Fulton Ranch, A Condominium

Developer / declarant

Champion Promenade Commons, LLLP, an Arizona limited liability limited partnership (Opening paragraph, page 6)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Art. 1, Sec. 1.1 and 1.2.14)

Assessments & dues

Common Expense Assessment levied against Units pursuant to Section 7.2 (Section 7.2)

Special assessments

May be levied by Board with approval of Unit Owners holding more than two-thirds of votes, or for emergency repairs (Section 7.3)

Collections & liens

Association has lien for Assessments, monetary penalties, and other charges, enforceable by foreclosure (Section 7.5) (Section 7.5)

Reserves & fees

Reserve Contribution required (Section 7.10) (Section 7.10)

Leasing & rentals

Yes, with written lease subject to Declaration and Rules; owner must provide info 10 days before lease term; owner liable for Lessee violations (Section 4.15)

Architectural approval

Board approval required for structural additions/alterations/improvements, exterior changes (visible from exterior), changes to Common Elements, and certain interior modifications (e.g., party walls, overloading); approval may be conditione (Section 4.3)

Maintenance

Association maintains Common Elements (including Perimeter Building Walls) and repairs/replaces at Common Expense; Unit Owner maintains Unit interior and Limited Common Elements allocated to them (chutes, flues, pipes, etc.) at own expense (Sections 5.1, 5.2)

Insurance

Association obtains fire, casualty, liability, workers' compensation, and other insurance (Article 8) (Section 8.1 (scope heading) and Article )

Voting & meetings

Total 100 votes, allocated among Units in proportion to each Unit's percentage of undivided interests in the Common Elements (Section 2.7)

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