Raintree Office Center III Condominium Association

Key facts from Raintree Office Center III Condominium Association's documents

Community type

Condominium (commercial)

Legal name

Raintree Office Center III Condominium Association

Units / lots

Initially five (5) Units (Buildings J, I, H, G, F); each Building may be subdivided into up to six (6) units for a maximum of thirty (30) Units (Section 3.2(i) and 3.2(v))

Developer / declarant

Raintree Investors II, LLC, an Arizona limited liability company (Opening paragraph; Section 1.13)

Governing law

Title 33, Chapter 9, Arizona Revised Statutes (Recital B; Section 1.1)

Assessments & dues

Board adopts and amends budgets without ratification by Owners; assessments are levied based on budget and allocated per Unit's Common Expense Liability (percentage of interest in Common Elements) (Sections 8.1, 8.7, 3.5(b))

Special assessments

Allowed for capital improvements; requires approval of Declarant until construction completed, then by Owners representing 66 2/3% of votes voting at a meeting (Section 8.4)

Collections & liens

Assessments, interest, costs, and attorneys' fees constitute a lien on the Unit and a personal obligation of the Owner at the time the assessment was levied (Section 8.2)

Reserves & fees

Association may establish and maintain a reserve for repair, maintenance, taxes, insurance, etc., if it elects to do so (Section 8.3(b))

Pets

No animals, reptiles, or birds (except fish in aquarium) unless approved in writing by the Board (Section 6.4)

Leasing & rentals

Yes, lease must be in writing, subject to Condominium Documents, and copy delivered to Board before term starts (Section 6.18)

Parking & vehicles

Covered parking spaces may be assigned as Limited Common Elements for exclusive use when purchased; uncovered spaces available for all Owners, employees, invitees; all vehicles must park in designated spaces (Sections 4.1, 4.2, 6.10)

Fences

No fences, hedges, walls, or landscaping shall be placed or maintained outside a Unit except as initially installed by Declarant or approved by Board (Section 6.14)

Architectural approval

No exterior additions, changes, or alterations (including to landscaping, grading, drainage) may be made without prior written approval of the Board (Architectural Control Committee) by two-thirds vote (Section 6.23)

Signs & flags

Exterior and interior signs visible from outside require prior written approval of the Board, subject to City of Scottsdale codes (Section 6.9)

Use restrictions

Units shall be used only for general office and/or approved medical use; no housing or living purposes allowed (Section 6.1)

Voting & meetings

One vote per 100 square feet of Unit, fractions rounded up or down at 50 sq ft threshold (Section 7.3)

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