Sl 12 Lofts Condominiums

What Sl 12 Lofts Condominiums's governing documents say

SL 12 Lofts Condominiums is a 12-unit residential condominium in Phoenix, AZ. You own your individual unit and an undivided 1/12th interest in the common elements. The association maintains the common areas and carries master insurance, funded by equal per-unit assessments. Each unit has allocated limited common elements such as a garage space (or a parking space for Unit 1006), and some units have a balcony or patio.

• What you own & maintain: You own the interior unfinished surfaces of your unit (walls, floor, ceiling, doors, windows). The association maintains all common elements and limited common elements like balconies, patios, and garage spaces (subject to the unit owner's maintenance obligations per Section 5.2). You are responsible for nonstructural alterations inside your unit.
• Use restrictions & home business: Units are for residential use by a single family (defined as persons related by blood/marriage/adoption, or up to 4 unrelated persons). Home businesses are allowed if not visible, audible, or odorous from outside, no customer visits, and no employees who don't live in the unit. No antennas or satellite dishes without board approval.
• Pets: Only dogs, cats, fish, or birds commonly kept as household pets are allowed. The board determines a reasonable number. Commercial breeding is prohibited.
• Leasing & rentals: Unit owners may lease their units, subject to the declaration and any rules adopted by the association. The document does not specify a minimum lease term, but time-sharing is prohibited (Section 4.14).
• Alterations & approvals: Structural alterations, changes visible from the exterior, or any modification affecting common elements require prior written board approval. Nonstructural interior changes may be made without approval, but the owner is liable for any damage to other units or common elements.
• Parking: Each unit (except Unit 1006) is allocated one garage space as a limited common element. Unit 1006 has one uncovered parking space. Additional parking spaces on the plat are common elements.
• Assessments & fees: Regular assessments are levied equally per unit (1/12th of total). Special assessments, individual expense assessments, and enforcement assessments may also be imposed. Late charges, interest, and collection costs apply to delinquencies. The association may place a lien on a unit for unpaid assessments.
• Sound transfer: Because the building was originally a rental apartment community, occupants may hear sounds from neighboring units (e.g., plumbing, music, TV).

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.