Randolph Court Homeowners Association

What Randolph Court Homeowners Association's governing documents say

This document is a first amendment to the Declaration of Horizontal Property Regime and of Covenants, Conditions and Restrictions for Randolph Court, a condominium community in Phoenix, AZ. It modifies specific procedural rules about board governance, assessments, and dispute resolution. It does not contain the full set of community rules; refer to the original declaration and other governing documents.

• Board check signing: Checks issued by the Board of Governors must be signed by two authorized board members.
• Board compensation: Board members serve without compensation; they may only be reimbursed for expenses incurred in their duties.
• Assessments & reserve fund: The Board must estimate annual charges each year, accounting for expected income and surplus, and maintain a reserve fund for unforeseen contingencies or replacement of major structural elements. If the estimate proves inadequate, the Board may levy further assessments. Each owner must pay assessments in equal monthly installments unless the Board designates another reasonable method.
• Arbitration of disputes: Disputes between unit owners or between an owner and the Board are to be resolved by binding arbitration. The Board first considers the matter; if a party refuses the solution, an independent third-party arbitrator is selected by the disputing parties. Expenses of the arbitrator are split equally.
• What this document doesn't cover: This amendment only addresses the specific items above. It does not cover typical condominium rules such as leasing restrictions, pet policies, age restrictions, parking, architectural controls, or maintenance obligations. Refer to the original declaration and any other amendments.

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.