Scottsdale Shadows Regime III

What Scottsdale Shadows Regime III's governing documents say

Scottsdale Shadows Regime III is a 168-unit condominium in Arizona where unit owners own their individual units and share ownership of common elements (buildings, grounds, and 208-space underground garage) maintained by the association through monthly per-unit assessments. At purchase, you pay a one-time Impound Fund (6 months of assessments, refundable at sale minus amounts owed) and a Transfer Fee, and you must own at least one parking space. The community has detailed rules governing who maintains what, which alterations require approval, and how reserves are built for major structural repairs.

• What you own & maintain: You own your unit's interior and exclusive use of your balcony/patio; the association owns and maintains the buildings' structure, roofs, common grounds, garage, and shared systems. Each unit holds a percentage interest in common elements based on formulas recorded in the declaration.
• Parking spaces & garage: The underground garage has 208 numbered Restricted Parking Spaces (individually deeded and separately taxable) and Guest Parking Spaces for visitors. Every unit owner must own at least one Restricted Parking Space (can only be sold to other unit owners); the association is not responsible for damage to vehicles or contents in garage spaces, including water damage from leaks.
• Assessments & financial obligations: Each unit owner pays monthly per-unit assessments for common expenses and operations. At purchase, you pay a one-time Impound Fund (equal to 6 months of assessments, held in escrow and refundable at sale minus amounts owed) and a Transfer Fee (amount set by Board, cannot increase more than 20% annually without 50% owner vote). Special assessments may be levied by Board and majority owner vote for capital improvements, or automatically for damage.
• Replacement Reserve Fund: The association maintains a Restricted Replacement Reserve Fund (built from monthly assessments) dedicated to major repairs like roofs, HVAC systems, decks, and exterior painting. These funds cannot be used for regular maintenance, rebated to owners, or used to reduce future assessments—only for restoration and capital replacement as budgeted.
• Maintenance & repairs: You maintain your unit interior, balcony, and patio; the association maintains common elements and shared systems. The Board can enter your unit with 30 days' written notice to make necessary repairs if you fail to do so within that period, and you'll pay the cost. You must report damage to the association within 24 hours and provide access, or you may be liable for additional repair costs.
• Alterations & improvements: You cannot alter patios, balconies, or common elements without written Board approval. You may make non-structural interior changes without prior approval but remain fully liable for any damage to other units or common elements. The Board may require use of a licensed contractor for improvements.
• Insurance: The association carries property insurance (100% replacement cost), general liability ($1 million minimum per occurrence, $2 million umbrella coverage), workers' compensation, and directors/officers liability. You must obtain your own property and liability insurance for your unit and name the association as an additional insured on your policy.
• Governance & voting: One vote per unit (joint owners vote as one); directors must be unit owners (or officers/partners of corporate owners) at least 18 years old; parking-space-only owners cannot serve on the Board. The Board makes decisions by majority vote and has broad authority to set rules, fees, and enforce compliance.

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.