Old Town Lofts

What Old Town Lofts's governing documents say

This is a legal amendment to the original condominium declaration for Old Town Lofts in Scottsdale, AZ. It corrects errors in the declaration by replacing the exhibits that describe the property and unit ownership interests. It is not a complete rulebook—it is a partial, ancillary document that updates specific details of the condominium's governing documents.

• What this amendment does: It deletes Exhibits A and B from the original declaration and substitutes new Exhibits A (legal description of the land), B (description of the condominium property, including airspace boundaries), and C (allocation of undivided interest in common elements and common expenses per unit).
• Unit ownership interests: Exhibit C lists 21 units (2001-2011 and 3001-3010) with their square footage and corresponding percentage of undivided interest in the common elements and common expenses, ranging from 3.88% to 6.07%.
• Property description: The condominium consists of airspace on the second and third floors, bounded vertically by interior faces of exterior structural studs, lower by the top of the second-floor concrete slab, and upper by the bottom of roof trusses. The concrete floor slab for the third floor and elevator hoistways/exit stairwells are excluded from the condominium.
• Period of Declarant Control: The amendment was made during the Period of Declarant Control, and the declarant owned all units at the time, so no unit owners were adversely affected.
• What this document doesn't cover: It does not contain rules about leasing, pets, age restrictions, architectural guidelines, parking, assessments, or any other operational rules of the condominium. Those would be in the original declaration or other governing documents.

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.