Inspiration at Stetson Valley Condominium

What Inspiration at Stetson Valley Condominium's governing documents say

Inspiration At Stetson Valley Condominium (Tempe, AZ) is a condominium community. This document is a set of Master Deed Restrictions recorded by the builder, Greystone Homes, Inc., that establishes a mandatory multi-step dispute resolution process (notice, inspection, cure, mediation, binding arbitration) for any claims owners may have against the builder regarding construction or the home. It is not a full set of community rules; it supplements the main condominium declaration.

• Dispute resolution overview: Before taking legal action, owners must follow a required process: written notice to the builder, inspection, opportunity for the builder to cure, mediation, and if unresolved, binding arbitration. The Federal Arbitration Act governs.
• Mandatory notice and cure process: Owners must send a detailed written notice by certified mail describing the claim, legal basis, proposed remedy, and supporting evidence. Builder has at least 35 days to inspect and 90 days to cure from receipt of notice.
• Mediation: If not resolved within 90 days of notice, either party may submit to mediation under AAA rules. Mediation is a condition precedent to further action. Builder pays for one day of mediation; other costs split equally.
• Binding arbitration: If mediation fails, the claim must go to binding arbitration (not court) under AAA rules. For claims over $250,000 or seeking punitive damages, three arbitrators decide. Arbitration fees are apportioned; filing party pays first $750 for claims over $10,000, then builder pays next $2,000 if mediation occurred.
• Scope and parties: The process applies to claims between an owner (record owner of a unit) and builder (Greystone Homes and its affiliates, officers, etc.) relating to the home or parcel. Builder may include its contractors, subcontractors, and warranty companies in the proceedings.
• What this document doesn't cover: This document does not address everyday community rules such as pet limits, leasing restrictions, parking, assessments, or architectural guidelines. It exclusively covers dispute resolution procedures between owner and builder.

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.