Maya Commercial Condominiums

Key facts from Maya Commercial Condominiums's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial Condominium (Title: 'MAYA COMMERCIAL CONDOMINIUMS')

Legal name

Maya Commercial Condominium Owners Association (Section 1.15 and Section 2.3)

Developer / declarant

Maya Hotel LLC, a Delaware limited liability company; and Equity Partners Group, L.L.C., an Arizona limited liability company (Opening paragraph)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.14)

Assessments & dues

Board adopts a budget; total estimated Common Expenses assessed proportionally to each Unit based on Common Expense Liability (Section 7.2.1)

Special assessments

Requires approval of Unit Owners representing two-thirds (2/3) of votes voting at a meeting (Section 7.3)

Collections & liens

Association has a lien on each Unit for Assessments; may foreclose after one year delinquency or amount of $1,200, whichever occurs first (Section 7.5.2)

Reserves & fees

Required; includes reasonable amounts for future maintenance, repair or replacement of Common Elements; deposited in separate Reserve Account (Section 7.10)

Pets

Only fish in aquariums and service animals for handicapped/disabled persons. No animals, birds, reptiles, poultry, livestock. (Section 4.3)

Parking & vehicles

On-site parking: none currently; each Unit may utilize off-site parking. No parking of motor vehicles on any part of the Condominium (Section 4.5). Inoperable vehicles prohibited. No vehicle repair except emergency repairs. (Sections 4.5 and 4.8)

Home business

Allowed within specified commercial uses (Section 4.1)

Signs & flags

Unit Owner responsible for signs installed on outside of its Unit (Section 5.2.2). No specific restriction on signs found, but general maintenance duty includes signs. (Section 5.2.2(b): 'any signs installed o)

Insurance

Board may select deductibles; if loss is due to negligence/misuse of a Unit Owner, that deductible may be assessed to that Owner. (Section 8.1.3)

Use restrictions

No; commercial uses allowed (Section 4.1: 'All Units shall be used an)

Voting & meetings

Allocated among Units in accordance with each Unit’s percentage of undivided interests in the Common Elements (Section 2.7)

Amendments

Not fully extracted; partial references: relocation of boundaries between adjoining units requires amendment executed by owners of affected units, submitted to Declarants/Association, recorded (Section 2.8). Subdivision of units requires ne (Sections 2.8, 2.9; Table of Contents sho)

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