Crystal Springs I

What Crystal Springs I's governing documents say

Crystal Springs I is a 28-unit condominium in Scottsdale, Arizona — you own your individual unit's interior and share ownership of the building structure, roof, parking, and common areas, which the association maintains and insures, funded by per-unit assessments. Unit owners vote on major decisions (owners one vote per unit; developer initially holds three votes per unit but converts to Class A ownership voting after the first third-party sale or when owner votes equal developer votes).

• What you own & maintain: You own the interior of your unit (walls, floor, ceiling, windows, patio/balcony finishes, and plumbing/electrical exclusively serving your unit). The association owns and maintains the building structure, roof, common elements, parking, and landscaping. You're responsible for maintenance, repairs, and replacements within your unit.
• Assessments & common expenses: Each owner pays a proportionate share of common expenses (utilities, insurance, maintenance, reserves) based on your unit's interest in the common elements. Late payments incur up to 10% charge plus attorney fees and become a lien on your unit. Special assessments for capital work (restoration, structural improvements) are levied at 18% annual interest if insurance and reserves don't cover costs.
• Parking spaces: Restricted parking spaces assigned to your unit have an exclusive easement that cannot be sold or transferred separately from the unit; two or more owners may exchange spaces with board and mortgagee consent. Guest parking spaces are common areas managed by the board.
• Voting & membership: Class A members (all owners except the developer) have one vote per unit. The developer (Class B) initially holds three votes per unit but automatically converts to Class A after the first third-party sale of any unit, or when Class A votes equal/exceed Class B votes (or 3 years from first third-party sale, whichever occurs first). While Class B exists, Class A members cannot vote on director elections.
• Alterations & improvements: Non-structural interior changes to your unit require no board approval, but you're liable for any damage. Board approval is required for alterations to common elements, patios, or balconies. Structural building changes require majority owner approval and all first mortgagees' approval. The association may levy a special assessment (at 18% annual interest) to cover costs not paid by the owner.
• Insurance coverage: The association maintains casualty insurance (90%+ replacement cost), public liability ($1 million per injury/death, $5 million per occurrence), and property damage ($250,000 per occurrence). Insurance costs are a common expense. You may purchase additional insurance for personal property and liability.
• Destruction, condemnation, or sale: Partial damage or condemnation triggers automatic restoration. Substantial damage (where restoration costs exceed 50% of the property's restored value minus available funds) requires 75% owner approval and unanimous first-mortgagee consent to restore; otherwise the property is sold and proceeds distributed to owners proportional to their unit interest.
• Maintenance access: The board, manager, or contractors have the right to enter your unit at any time for maintenance, repairs, or replacements of common elements or equipment affecting your unit or others.

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.