Mosaic at Layton Lakes

What Mosaic at Layton Lakes's governing documents say

Mosaic at Layton Lakes is a condominium community in Arizona with 3 currently developed units and up to 222 planned. You own your individual unit's interior and share equal ownership of the common elements (buildings, grounds, parking) with other unit owners, funded by equal per-unit assessments. The community is governed by both its own association and an overlying master association (Layton Lakes) whose rules and separate assessments also apply.

• What you own & maintain: You own your unit's interior and garage (boundaries: top of unfinished floor to top of drywall ceiling). You own an equal share of all common elements as a tenant in common with other owners; the association maintains them and carries master insurance. Individual A/C units serving only your unit are yours to maintain.
• Limited common elements (exclusive-use areas): Certain common areas are allocated exclusively to your unit: balconies, patios, backyards, entryways, shutters, exterior doors, and any utilities (pipes, ducts, wires) that serve only your unit.
• Assessments & common expenses: All unit owners pay equal assessments for common element upkeep. As the developer annexes additional phases (currently 3 units; up to 222 total), each unit's share recalculates downward — at full build-out, each unit pays 1/222 of common expenses.
• Master association overlay: The condominium is part of Layton Lakes master-planned community and subordinate to its master association. Unit owners must comply with master association documents, and assessments owed to the master association are separate from and in addition to the condominium's assessments.
• Leasing & renting: If you lease your unit, the tenant and their family gain the right to use common elements during the lease; however, you (the owner) lose access to common elements for the duration of the lease.
• Architectural review & alterations: Changes to unit interiors and exteriors require approval from the condominium's Architectural Committee, which enforces design standards set by both the condominium and the master association.
• Expansion and phasing: The developer reserves the right to annex additional property and add units in phases up to a maximum of 222 units. Phases may be added in any order; when added, all unit owners' common element interests and voting shares adjust to reflect the new total.
• What this document doesn't fully cover: Specific rules on parking, vehicles, towing, garages, leasing restrictions, and other operational details are referenced in this document but the actual text of those rules is not shown in this OCR excerpt.

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.