Crescent Scottsdale Quarter Condominiums

What Crescent Scottsdale Quarter Condominiums's governing documents say

This is the full Declaration of Condominium for Crescent Scottsdale Quarter Condominiums, a commercial condominium in Scottsdale, AZ with two units: a Residential Unit (Unit 1001, likely an apartment building) and a Retail Unit (Unit 101, for commercial use). The document governs the rights and responsibilities of unit owners—potentially a residential landlord and a retail business owner—covering ownership shares, maintenance, assessments, insurance, and alterations.

• What you own & maintain: Unit owners own the interior of their unit, including interior surfaces, fixtures, and appliances. The Association maintains all Common Elements (e.g., structural components, exterior walls, common areas) and Limited Common Elements like HVAC systems, but unit owners must repair and replace HVAC components at their own expense. The residential unit includes stairwells and a portion of the parking garage.
• Common expenses & assessments: Common expenses are shared based on each unit's net rentable square footage (example: 5% for Retail, 95% for Residential). The Board sets annual assessments and may impose late fees up to 5% of the overdue amount plus interest at the highest lawful rate. Assessments are a lien on the unit.
• Use restrictions: The condominium is commercial in nature. The Residential Unit is designated for residential use (apartments); the Retail Unit for retail/commercial use. No other specific use restrictions (e.g., pets, leasing) appear in this excerpt.
• Alterations & improvements: Unit owners cannot make substantial alterations to structural elements, the exterior, or Common Elements without Board approval (which must not be unreasonably withheld). Plans must be submitted; failure to respond within 15 days constitutes consent. Alterations to Life Safety Systems are prohibited without governmental approval.
• Insurance: The Association carries master property and liability insurance covering the building and common elements, excluding unit owners' personal property, floor coverings, and certain fixtures. Unit owners should obtain their own coverage for personal property and liability.
• Governance & voting: Each unit has voting power proportional to its percentage ownership (based on net rentable square footage). Major decisions (e.g., amendments, capital additions over $50,000) require supermajority votes. The Developer retains certain rights until all units are sold.

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.