Prince Mountain Condominiums

Key facts from Prince Mountain Condominiums's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (WHEREAS clauses; Section 1.10)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Preamble; Section 1.2)

Assessments & dues

Regular Assessments levied against each Condominium for maintenance, management and operation of the Project in accordance with Article 7 (Original Declaration Article 1, Paragrap)

Special assessments

Special Assessments may be levied; for repair/reconstruction if insurance proceeds insufficient, assessed to each Owner in proportion to Percentage Interest (Original Declaration Article 11, Paragra)

Collections & liens

Assessments become a debt of the Owner and a lien on the Condominium; lien subordinate to first mortgage; foreclosure sale purchaser not liable for prior unpaid assessments except pro rata share (Original Declaration Article 1, Paragrap)

Reserves & fees

Common Expenses include amounts reasonably necessary for reserves and contingencies (Original Declaration Article 1, Paragrap)

Pets

Yes, generally accepted household pets allowed; no animals of any kind shall be raised, bred or kept except that an Owner may own a reasonable number of generally accepted household pets (Section 3.15.1)

Leasing & rentals

Yes, but no Unit Owner shall lease a Unit for transient or hotel purposes; no lease for less than the entire Unit (Original Declaration Article 3, Paragrap)

Parking & vehicles

Parking spaces assigned at time of transfer from Declarant; no Owner may change assigned space; parking rights run with the Unit (Section 2.4)

Fences

Owner may not paint exterior portion of Unit, including any walls or fences, without written approval of Board (Section 3.4.5)

Architectural approval

Yes, for alterations to Common Elements and for screen doors (Architectural Committee approval) (Sections 3.8, 3.4.3.4)

Solar & roof

No exterior devices or additions, including solar devices, shall be constructed on the exterior of a Unit (including the roof) without written approval of the Board (Section 3.11)

Home business

No trade or business may be conducted from any Unit, except that an Owner residing in the Unit may conduct business activities within the Unit if: (a) not visible or detectable from outside; (b) conforms to zoning; (c) does not involve non- (Section 3.3.1)

Signs & flags

No sign, notice, nameplate, or advertisement visible from any other Unit or Common Elements without written approval of Board; exception for professionally drawn sign of reasonable dimensions advertising sale or rental, placed in designated (Section 3.10)

Maintenance

Unit Owner responsible for all portions of Unit (including private patio areas) and Limited Common Elements for exclusive use; Association responsible for Common Elements (Sections 3.4.1, 3.4.2)

Insurance

Deductible not more than Two Thousand Dollars ($2,000) (Original Declaration Article 10, Paragra)

Use restrictions

Units may only be used for single family residential purposes (Section 3.2)

Voting & meetings

Each Unit Owner has one vote per Unit; if multiple owners, they determine how to cast the single vote (Original Declaration Article 4, Paragrap)

Amendments

Amendments require vote or written assent of members representing (a) majority of total voting power (at least a bare majority) and (b) at least a bare majority of votes of Members other than Declarant; certain amendments require 75% of fir (Original Declaration Article 13; Article)

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