Casa Segundo Condominiums

Key facts from Casa Segundo Condominiums's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1, Section 1.0)

Legal name

Casa Segundo Condominiums

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Article 1, Section 1.0 and Section 1.1(P)

Assessments & dues

Board of Directors adopts budget, then Common Expense assessed proportionally to Common Expense Liability (equal among Units) (Article 7, Section 7.0)

Collections & liens

Assessment Lien is subordinate to First Mortgages; foreclosure by First Mortgagee extinguishes claims for unpaid Assessments that became payable prior to sale (Article 7, Section 7.1)

Reserves & fees

Common Expenses include allocations to reserves (Article 1, Section 1.1(L))

Architectural approval

Architectural Committee regulates external design, appearance, use and maintenance; prior written consent required for solar/antenna devices if Visible From Neighboring Property (Article 6, Section 6.3; Article 4, Secti)

Maintenance

Association duties as Unit Owners jointly determine; each Unit Owner maintains his Unit and allocated Limited Common Elements at own expense; if Association fails to maintain Common Elements, each Unit Owner obligated to maintain contiguous (Article 5, Sections 5.0, 5.1)

Insurance

Each Purchaser shall maintain fire, casualty and liability insurance on his Unit at full replacement value, with carrier rated B+ or better, and liability coverage of at least $500,000 jointly with adjoining Unit Owner (Article 8, Section 8.0)

Use restrictions

Each Unit and Limited Common Elements shall be used exclusively for residential use by a Single Family (Article 4, Section 4.0)

Voting & meetings

Each Unit has one vote (Article 2, Section 2.3)

Amendments

Except for Declarant's amendments during control, requires vote of Unit Owners to which at least 100% of votes are allocated; cannot increase Special Declarant Rights, number of Units, or change boundaries/interests/use without unanimous co (Article 10, Section 10.4(A)-(B))

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