The Toll at Prasada Cottages

Key facts from The Toll at Prasada Cottages's documents

Community type

Condominium (Title and throughout, e.g., 'Condominium)

Units / lots

8 (if all Additional Property is annexed); initially 8 units identified as 1 through 8 (Section 1.13: 'The Condominium will incl)

Developer / declarant

Toll Prasada, LLC, an Arizona limited liability company (Execution paragraph: 'executed this day )

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.14: 'Condominium Act' means th)

Reserves & fees

Transfer Fee per Section 7.13 (Section 7.13)

Leasing & rentals

Leasing of a Unit by Owner is not considered a trade or business, implying leasing is permitted. (Section 4.1.1: 'The leasing of a Unit by)

Architectural approval

Prior written approval of Board required for structural additions/alterations/modifications to a Unit; also for exterior changes Visible From Neighboring Property; for Common Element alterations. Approval may be conditioned or withheld in B (Section 4.3.1: 'No Owner ... shall make )

Home business

Home businesses allowed if not apparent/detectable from outside, conform to zoning, conducted solely in Unit, no visitors or solicitation, consistent with residential character. (Section 4.1.1: conditions (a) through (e)

Signs & flags

Declarant may post signs for marketing; no other signs mentioned for owners (Section 3.4.1)

Use restrictions

All Units shall be used exclusively for residential purposes, except that limited home businesses are permitted under specified conditions. (Section 4.1.1: 'All Units shall be used,)

Voting & meetings

Total votes equal to number of Units; each Unit has one vote. Votes allocated equally among Units. (Section 2.7: 'The total votes in the Ass)

Amendments

Amendment per Section 13.5 and subject to mortgagee approval per Article 12 (Section 13.5, Article 12)

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