Ranch Office Condominiums

Key facts from Ranch Office Condominiums's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article 1 (Condominium defined)

Developer / declarant

Bushwood Property Investments, LLC (Recitals)

Governing law

Arizona Condominium Act, A.R.S. § 33-1201 et seq. (Section 1.1)

Assessments & dues

Board adopts annual budget, then levies Common Expense Assessment on each Building in proportion to its Common Expense Liability as set forth in Section 2.6 (Section 7.2.1)

Special assessments

Requires prior approval of Owners representing two-thirds (2/3) of votes in the Association voting in person or by proxy at a duly called meeting, except for assessments pursuant to Section 9.1 (casualty damage) (Section 7.3)

Collections & liens

All assessments and charges are secured by an Assessment Lien per Condominium Act; Association may foreclose the lien as for a realty mortgage (Sections 7.5.2, 7.5.5)

Reserves & fees

Board may establish reasonable reserves (Section 1.2.12.e); new Owners must pay a Reserve Contribution set by Declarant initially, may be increased by Board up to 20% per year without Member approval (Sections 1.2.12.e, 7.10)

Pets

Only dogs kept quietly inside, fish in aquariums, and animals/reptiles kept by a veterinarian in connection with practice; all other animals prohibited (Section 4.4)

Leasing & rentals

Yes, lease must be in writing and subject to Declaration; Owner must provide lease information to Association at least 10 days before commencement (Section 4.15)

Parking & vehicles

Each Building allocated 5 covered Parking Spaces as Limited Common Elements (Exhibit D); vehicles may only park in Parking Spaces; overnight parking prohibited; no inoperable vehicles; no storage of trailers, campers, boats, etc. (Sections 2.8.1.b, 4.6, 4.9)

Architectural approval

Prior written approval of Board required for structural alterations; any alteration visible from exterior; changes to Perimeter Building Walls; changes to Common Elements; nonstructural interior alterations do not require approval (Section 4.3.1, 4.3.2)

Signs & flags

No signs on exterior or visible from exterior without prior written approval of Board; Board may permit identification signs subject to criteria, must also comply with City of Scottsdale ordinances (Section 4.11)

Maintenance

Owner (Section 5.2 (Owner maintains Roof))

Insurance

Association maintains fire, casualty, liability, worker's compensation, and other insurance as determined by Board (Section 1.2.12.d)

Use restrictions

No nuisance or offensive activity permitted; no activity interfering with quiet enjoyment (Section 4.13)

Voting & meetings

Total 5 votes, one per Building (Section 2.7)

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