Scottsdale Parkway Townhouse Condominium

Key facts from Scottsdale Parkway Townhouse Condominium's documents

Reflects the 1972 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Townhouse Condominium) (Title: "SCOTTSDALE PARKWAY TOWNHOUSE CON)

Legal name

SCOTTSDALE PARKWAY TOWNHOUSE CONDOMINIUM UNIT FOUR (Section 5.1)

Governing law

Arizona Revised Statutes, Chapter 4, Article 1, Sections 33-551 to 33-583 (Horizontal Property Regime Act) (ARTICE II of Horizontal Regime: "pursuan)

Assessments & dues

Board of Directors determines annual assessment; each unit pays 1/4th of total common expenses, reserve, and additional sums. (Sections 4.1-4.5: "Each apartment unit's)

Special assessments

Board may levy special assessment if insurance proceeds insufficient for rebuilding (Section 6.7) and general authority to adjust assessments if too high or low (Section 4.5). (Section 6.7: "special assessment against)

Collections & liens

If assessment not paid within 20 days after first day of month, it becomes a lien on the unit, subordinate to first mortgage. Association may foreclose as on a mortgage. Association may bid at foreclosure and acquire unit. (Section 4.5: "charges if not paid within)

Reserves & fees

Required; sum determined by Board for repair, maintenance, taxes, insurance premiums. (Section 4.2: "such sum as the Board of D)

Pets

Dogs, cats or other household pets may be kept provided they are not kept, bred or maintained for any commercial purposes (Section 2.7(c))

Leasing & rentals

Entire apartments may be rented provided occupancy is only by lessee and his family, servants and guests; no rooms may be rented except as part of an apartment; no transient tenants (Section 2.5)

Parking & vehicles

Boats and campers specifically restricted from parking on streets. (Section 2.9: "restricted from parking on)

Fences

No fences, hedges or walls erected or maintained outside patios except as initially installed or approved by Board of Directors. Individual owners may not plant hedges higher than patio fences. (Section 2.11: "no fences, hedges or wall)

Architectural approval

For any alteration to portions maintained by Association or that jeopardize safety/soundness or impair easement, written approval of all other unit owners and Board of Directors required; plans by licensed architect must be filed. (Section 3.1(c): "no alteration ... witho)

Home business

No business activities of any kind whatever shall be conducted in any building or in any portion of the premises. (Section 2.8: "no business activities of )

Signs & flags

No advertising signs except one not more than five square feet 'For Rent' or 'For Sale' sign per apartment (Section 2.8)

Insurance

Casualty insurance on all buildings and improvements (including interior walls originally constructed) and personal property in common elements, equal to maximum insurable replacement value, annually determined. Coverage against fire, exten (Section 6.2: details on casualty coverag)

Use restrictions

Each apartment unit shall be occupied only by a single family, its servants and guests, as a residence and for no other purpose (Section 2.1)

Voting & meetings

Two classes: Class A (all owners except Developer) have no vote until Transfer of Control Date; Class B (Developer) votes for each unit owned, even if not constructed. After Transfer, each unit one vote. (Section 5.3(c): "CLASS A ... shall not h)

Amendments

By majority vote of members eligible to vote, except termination section requires unanimous consent of all unit owners and mortgagees required for termination. (Section 16: "may be amended by a majorit)

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