Cortez Canyon Condominium

Key facts from Cortez Canyon Condominium's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article 1 definitions (1.2.13))

Developer / declarant

Cactus Canyon, L.L.C., an Arizona limited liability company (Section 1.2.16)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Recitals A and Section 1.1)

Assessments & dues

Board of Directors adopts budget each fiscal year; common expense assessment is total estimated common expenses (excluding those assessed to fewer than all units) divided proportionally by Common Expense Liability (1/6 each). (Sections 7.1.1, 7.2.1)

Special assessments

Special assessments require approval by 2/3 of votes in the Association voting in person or by proxy at a meeting, except for assessments under Section 9.1 (damage/destruction). (Section 7.3)

Collections & liens

All assessments, penalties, fees are secured by an Assessment Lien under Condominium Act. Association may foreclose lien like a realty mortgage, or sue personally without waiving lien. (Sections 7.4.2, 7.4.3)

Reserves & fees

Budget includes amounts for general operating reserves, reserves for contingencies and replacements (Section 7.1.1(iii)). Also Article 7.1.2: "Reserves." (Section 7.1.1 (item iv))

Pets

Yes, no more than two Permitted Pets (dog or cat) per unit, kept as domestic pets only. (Section 4.7)

Leasing & rentals

Yes, with restrictions: entire unit must be leased, written lease required, subject to Declaration and Rules, no subleasing, minimum 30 days term. (Section 4.20)

Parking & vehicles

Vehicles must be parked in garage allocated to unit as Limited Common Element; garage doors kept closed except when in use. (Section 4.13)

Architectural approval

Structural alterations within a unit require prior written Board approval and engineer certification. Nonstructural alterations visible from exterior also require Board approval. Any alteration to Common Elements requires Board approval. (Section 4.4)

Home business

Limited home business allowed if not apparent from outside, conforms to zoning, no person coming to unit, no solicitation, consistent with residential character, not a nuisance or hazard (determined by Board). (Section 4.1)

Signs & flags

No signs except a name/address sign not exceeding 9x30 inches, without prior written approval of Board. (Section 4.15)

Maintenance

Association maintains, repairs, replaces all Common Elements (except certain Limited Common Elements). Unit owners maintain, repair, replace their units and certain Limited Common Elements (doors/windows, patio/balcony interior, and specifi (Sections 5.1 and 5.2)

Insurance

Association shall obtain insurance covering Common Elements (Article 8). Specifics include property insurance for units and common elements? Not fully extracted, but Article 8 exists. (Article 8 (Section 8.1))

Use restrictions

All units shall be used exclusively for residential purposes. (Section 4.1 first sentence)

Voting & meetings

Each unit has 1 vote; total votes equal number of units. (Section 2.7)

Amendments

Declaration may be amended by vote of Unit Owners owning at least 67% of votes (Recitals C). Also Section 13.5 discusses amendment, but not fully extracted. (Recitals C and Section 13.5)

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