Legend Air Plaza

What Legend Air Plaza's governing documents say

Legend Air Plaza is a commercial condominium community in Scottsdale, AZ, consisting of 5 units designed for office use and aircraft storage. Each unit owner has an undivided 1/5 interest in the common elements (including tarmac, taxi-ways, and landscaping). The association maintains common areas and carries insurance, funded by monthly assessments based on each owner's pro-rata share.

• What you own & maintain: You own your unit (interior spaces, carport, patio, yard area, and the air conditioning unit). The association maintains common elements such as exterior lighting, landscaping, tarmac, taxi-ways, block walls, and trash receptacles. Unit owners are responsible for janitorial services inside their units.
• Approved use & restrictions: Property is restricted to high‑class buildings for commercial offices and aircraft storage. No residential use is mentioned. Fences and walls installed by the developer cannot be altered without board approval and adjacent owner permission.
• Party walls: Walls on dividing lines between units are common/party walls. Damage caused by an owner's act must be repaired at that owner's cost; damage from other causes is shared equally. Modifications requiring wall extension need written consent from adjoining unit owners.
• Right of first refusal & approval: Before selling or leasing a unit, the owner must notify the association. The board has a 15‑day right of first refusal to purchase on the same terms. The board may also approve or disapprove transfers and leases, with deemed approval if not acted upon within 15 days.
• Assessments & liens: Monthly invoices are issued for estimated costs of maintenance, landscaping, insurance, administration, and reserves. If unpaid within 30 days, the amount plus 18% interest becomes a lien on the unit, enforceable like a mortgage foreclosure.
• Amendment & duration: Amendments require owners of at least 75% of units, plus developer consent until all units are sold. The declaration initially runs for 25 years, auto‑renewing for 10‑year periods unless terminated by 80% of owners within one year before expiration.

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.