College Avenue Condominiums

What College Avenue Condominiums's governing documents say

College Avenue Condominiums is a 16-unit condominium community in Tempe, AZ. The owner you own your unit's interior, while the association maintains common elements and carries master insurance. The community was converted from an apartment complex. Rules apply to unit owners and their occupants.

• What you own & maintain: You own the interior surfaces, flooring, windows, doors, and all mechanical/electrical/plumbing lines serving only your unit. The association maintains exteriors, roofs, structural elements, common areas, and systems serving more than one unit.
• Leasing & rentals: Leases must be in writing on a form prescribed by the board for a minimum term of six months. The lease must require the tenant to comply with the condo instruments; violations may allow the board to demand termination.
• Pets: Pets are regulated by rules adopted by the board; the declaration itself sets no specific limit. The board may determine whether and which animals are allowed.
• Architectural control: No exterior additions, alterations, fences, or changes to existing structures may be made without written approval from the board. Plans must be submitted; if no response within 60 days, approval is deemed granted.
• Parking & vehicles: Parking is only as permitted by rules and regulations. Trucks over 2 tons, recreational vehicles, boats, and inoperable vehicles are prohibited or restricted. Covered parking spaces are common elements that may be allocated as limited common elements by the board.
• Assessments & fees: Each unit pays an equal share (6.25%) of common expenses. Annual assessments may increase up to 10% per year without a membership vote. Special assessments over that threshold require a 2/3 vote of an eligible quorum. Late fees: $15 or 10% simple interest, whichever is greater.
• What this document doesn't cover: The provided text is truncated and missing the end of the insurance section and possibly other articles. Specific fee amounts, budget details, and complete rules on storage or guest use are not fully extracted.

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.