Skyway Lot 3 Condominium

Key facts from Skyway Lot 3 Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 2.1)

Units / lots

3 (Buildings A, B, and C; each building is a condominium unit) (Section 1.7 and 2.4)

Developer / declarant

First International Bank & Trust, a North Dakota corporation (Preamble and Section 1.17)

Governing law

Arizona Condominium Act, A.R.S. § 33-1201 et seq. (Article 1, definitions reference to Cond)

Age restriction

Not present. (N/A)

Assessments & dues

Board prepares budget; Regular Assessment = share of Common Expense Liability allocated to each Building per Exhibit C (based on square footage). (Sections 7.1, 7.2, 2.6)

Special assessments

Permitted as provided in Section 7.3 (details not fully excerpted) (Section 1.48, referenced in Article 7)

Collections & liens

Association has Assessment Lien and remedies under Section 7.8 (details not fully excerpted) (Section 1.4, 7.8 in ToC)

Reserves & fees

Reasonable reserves deemed appropriate by Board or required by Condominium Documents. (Section 1.12(e))

Pets

No animals, reptiles, fish (except aquarium inside Building), or birds of any kind shall be raised, bred, boarded or kept without prior written approval of Board, which may be withheld in sole discretion. (Section 4.6)

Leasing & rentals

Yes, but subject to Section 4.17 (not fully provided; likely allowed). (Section 4.17 (mentioned in TOC))

Parking & vehicles

Authorized Vehicles: operative motorized land vehicles, cars, SUVs, vans, motorcycles, trucks ≤2 tons payload, ≤7 ft height. Park only in Parking Spaces. Assigned spaces: Limited Common Elements. (Section 4.7.1, 4.7.2)

Fences

Not explicitly in this excerpt; Rear Storage Areas include perimeter fence (Section 1.45). (Section 1.45)

Architectural approval

Yes, Board approval required for exterior changes, alterations to Common Elements, and visible interior alterations. Nonstructural interior changes do not require approval. (Section 4.3.1, 4.3.2, 4.3.3)

Home business

Prohibited uses include many business types (Section 4.1 list). General use subject to Condominium Documents and zoning. (Section 4.1)

Signs & flags

No signs except as permitted under Section 4.13 (not in this excerpt? Section 4.13 appears in TOC but text not provided; assumed prohibited without approval). Declarant signs allowed (Section 3.4.1). (Section 3.4.1, 4.13)

Maintenance

Owner maintains Building exterior (walls, roof, etc.); Association maintains Common Elements (Section 5.1). (Section 4.3.2, 5.1)

Insurance

Association obtains insurance covering Common Elements and Buildings as provided in Article 8 (section not fully excerpted). (Article 8 (TOC))

Use restrictions

No Building or portion shall be used for housing or living purposes (Section 4.1.5). Commercial use restrictions apply. (Section 4.1.5)

Voting & meetings

One vote per building; total of 3 votes. Co-owners designate one voting owner; if not designated, majority of interests votes. (Section 2.7)

Amendments

Amendment procedures are addressed in Section 13.5 (not fully excerpted); amendments must be recorded. (Section 13.5 (Table of Contents))

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