Fiesta Casitas Condominiums

Key facts from Fiesta Casitas Condominiums's documents

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

Community type

Condominium (Title 'Condominium Declaration' and 'FIE)

Legal name

Fiesta Casitas Condominiums

Developer / declarant

Andy Kolasa and Halina Kolasa, husband and wife (Introductory paragraph, page 5)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.1, page 5)

Assessments & dues

Not fixed; determined by Board budget; each Unit's share based on Common Expense Liability percentage (Section 7.1.1, page 22-23; Section 7.2.1)

Special assessments

Requires approval by Unit Owners representing two-thirds of votes in person or by proxy at meeting (except for reconstruction under Section 9.1) (Section 7.3, page 24-25)

Collections & liens

Assessments secured by Assessment Lien per Condominium Act; lien is subordinate to First Mortgage; Association may foreclose in manner similar to realty mortgage; may bid at sale (Sections 7.4.2-7.4.3, 7.5, pages 25-26)

Reserves & fees

After termination of Declarant Control, assessments include reserves; deposited in separate bank account; withdrawal requires two Board members or one Board member and one officer; reserve study required at least every three years (Section 7.12, pages 26-27)

Voting & meetings

Each Unit has one vote; total votes equal number of Units (Section 2.7, page 12)

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