Plaza Del Lago Condominiums

Key facts from Plaza Del Lago Condominiums's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 2 - Submission of Property; name)

Developer / declarant

Plaza Del Lago Apartments, L.L.C., an Arizona limited liability company (Beginning of Declaration: 'Made as of No)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Sections 1.1, 1.2.13)

Assessments & dues

Not fixed; determined annually by Board budget. (Section 7.1-7.2)

Special assessments

Requires approval by unit owners representing two-thirds of votes cast in person or by proxy at a meeting. Exception for assessments under Section 9.1 (destruction). (Section 7.3)

Collections & liens

All assessments, penalties, fees are secured by a statutory lien (Assessment Lien). Recording of declaration perfects lien. Association may foreclose like a mortgage. (Sections 7.4.2-7.4.3)

Reserves & fees

After declarant control, assessments include reserves. Funds held in separate account. Reserve study required at least every three years. (Section 7.12)

Pets

Yes, subject to restrictions. (Section 4.7)

Leasing & rentals

Yes, but only entire unit, no subleasing. (Section 4.20)

Parking & vehicles

Trucks, trailers, campers, boats, etc. may not be parked except in unit garages. (Section 4.12)

Architectural approval

Board approval required for structural additions/alterations/improvements; any addition visible from exterior (e.g., patio enclosures); nonstructural interior changes do not require approval but owner is liable for damage. (Section 4.4)

Home business

Permitted if not detectable from outside, conforms to zoning, no persons coming to unit, consistent with residential character. (Section 4.1)

Maintenance

Association maintains all common elements. Unit owner maintains unit and certain limited common elements: exterior doors, door frames, windows and frames, interior of patio, and fixtures in 2.8.1(a)-(b) that serve only the unit. (Sections 5.1, 5.2)

Insurance

Blanket property insurance on entire condominium (including units' floor coverings, built-ins, fixtures initially installed, but not owner's additions) at 100% replacement cost. Also commercial general liability (min $1,000,000 per occurren (Sections 8.1.1(a)-(d))

Use restrictions

All units used exclusively for residential use. No trade or business except home business meeting specific conditions (not detectable, conforms to zoning, no visitors, no nuisance). (Section 4.1)

Voting & meetings

Each unit has one vote. Total votes equal number of units. (Section 2.7)

Amendments

Amendment procedure not detailed; references Condominium Act (Section 12.5). Also requires approval of first mortgagees in certain cases (Article 11). (Sections 12.5, 11.2)

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