Cramer Condominiums

Key facts from Cramer Condominiums's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration submitted property to condom)

Legal name

Cramer Condominiums

Developer / declarant

CRAMER CONDOMINIUMS (Patricia Cramer) (Signature line: Declarant CRAMER CONDOMI)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1: Definitions, Definition (M) ")

Assessments & dues

Not set; total amount of estimated Common Expenses from budget adopted by Board, assessed proportionally to each Unit's Common Expense Liability. (Section 7A: Common Expense Assessment)

Collections & liens

Assessment Lien is subordinate to any First Mortgage. Upon foreclosure or deed in lieu, purchaser takes free of unpaid Assessments accrued before sale; those delinquent amounts may be reallocated to all Units as Common Expense. (Section 7B: Subordination of Assessment )

Architectural approval

Architectural Committee established by Board of Directors to regulate external design, appearance, use and maintenance of Condominium. Structural alterations require prior written approval of Adjacent Unit owner; committee may have addition (Section 6.3 Architectural Committee and )

Home business

Prohibited, but Unit Owner may maintain personal professional library, keep personal business records/accounts, handle personal business calls/correspondence from Unit. (Section 4.0: exception for personal prof)

Maintenance

Association maintains Common Elements. Unit Owner maintains his Unit (interior) and Limited Common Elements. Unit Owner liable for damage caused by negligence to Common Elements or Improvements. (Article 5: Maintenance and Repair of Com)

Insurance

Each Purchaser shall maintain fire, casualty and liability insurance on his Unit in full replacement value required by Association or both Unit Owners, with carrier rated B+ or better by Best's Insurance Ratings. Minimum liability coverage (Article 8 Insurance, Section 8)

Use restrictions

Each Unit and Limited Common Elements shall be used exclusively for residential use by a Single Family. No gainful occupation, profession, trade or other nonresidential use. (Article 4, Section 4.0 Single Family Res)

Voting & meetings

Each Unit has one vote in the Association. (Section 2.3 Allocation of Votes in the A)

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