Alteza Building One Condominiums
A commercial owners' association (office, retail, industrial, or business-park units) — not a residential community.
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What Alteza Building One Condominiums's governing documents say
Alteza Building One Condominiums is a non-residential (office) condominium in Scottsdale, AZ. Each owner owns an air space unit and shares ownership of common elements. This declaration governs the rights and obligations of unit owners.
- Permitted use: Units may only be used for private commercial office purposes, including medical office. Residential, transient lodging, and timeshare uses are prohibited.
- What you own & maintain: You own the interior air space of your unit, including finished surfaces and non-structural partitions. The association maintains common elements (e.g., building walls, hallways, landscape). You are responsible for maintaining your unit, any limited common elements (e.g., HVAC equipment, windows), and your side of demising walls.
- Assessments & fees: Owners pay annual assessments based on their unit's fractional interest. The board may increase assessments up to 12% per year without a vote, or more with 50% member approval. Special assessments require 50% member approval. Late payments incur a 10% late fee and 24% annual interest, and the association has a lien on the unit.
- Architectural review: Exterior alterations and improvements require approval from the Architectural Committee (or the board if no committee is appointed). The committee may adopt rules and guidelines.
- Insurance: The association must maintain general liability insurance (minimum $1M combined single limit) and property hazard insurance on the common elements. Owners are responsible for insuring their own unit contents and improvements.
Key facts from Alteza Building One Condominiums's documents
- Community type
- Non-residential condominium (commercial office use) (Section 1.27 (Permitted Use))
- Legal name
- Alteza Building One Condominium Association, Inc. (Section 1.06)
- Units / lots
- 3 platted units initially (Suites 1, 3, 4); subject to further division by Unit Declaration (Section 2.04(a))
- Developer / declarant
- Alteza/1641 East Osborn L.L.P., an Arizona limited liability partnership (Background A, Section 1.15)
- Governing law
- Arizona Condominium Act, A.R.S. §§ 33-1201 through 33-1270 (Section 1.01)
- Assessments & dues
- Annual assessment amount determined by Board of Directors. Increases limited to the greater of 12% or CPI change without membership vote; larger increases require affirmative vote of 50% of eligible votes cast. (Section 4.03)
- Special assessments
- May be levied for capital improvements or unexpected common expenses, approved by 50% of votes cast. Special Owner Assessments for costs caused by owner's failure or specific election do not require membership approval. (Section 4.04)
- Collections & liens
- Assessments constitute a consensual continuing lien on the unit; Association may foreclose like a mortgage. Lien subordinate to first mortgage for pre-transfer assessments, but not for assessments accruing after mortgagee takes title. Perso (Sections 4.01, 4.07, 4.08)
- Reserves & fees
- Annual assessment may include a reserve fund for taxes, insurance deductibles, maintenance, repairs, and replacements of common elements. (Section 4.02(b))
- Voting & meetings
- Two classes: Class A (owners) with votes equal to Fractional Interest × 100; Class B (Declarant) with votes equal to three times the votes per owned unit. Declarant's weighted voting ceases upon earlier of (i) 90 days after Class A votes ≥ (Section 3.02)
- Amendments
- Referenced in Section 14.05 (text not fully provided, but indicated in Table of Contents) (Table of Contents, Article XIV)
About this HOA
Alteza Building One Condominiums is a homeowners association in Scottsdale, AZ.
HOAproxy has 1 document on file for Alteza Building One Condominiums: 1 CC&R. Last updated 2026-06-14.