Pointe Office Suites Condominium

Key facts from Pointe Office Suites Condominium's documents

Community type

Condominium (Title and §2.1)

Units / lots

Units identified as Building A through Building D with breakdown per Exhibit B (§2.4)

Developer / declarant

Pointe Condo Investors, L.L.C., an Arizona limited liability company (§1.2.16)

Governing law

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

Assessments & dues

Maximum annual assessment until January 1 of year following first unit conveyance is $0.50 per square foot. (§7.2.8)

Special assessments

Requires approval of Unit Owners representing two-thirds (2/3) of votes voting in person or by proxy at a meeting called for that purpose. Exception for special assessment under §9.1 (destruction). (§7.3)

Collections & liens

All assessments, penalties, fees are secured by an Assessment Lien as per Condominium Act. Recording of declaration constitutes perfection. Lien has priority except for pre-recorded liens, real estate taxes, and first mortgage liens recorde (§7.5.2, §7.5.3)

Reserves & fees

Budget includes amounts for general operating reserves and reserves for contingencies and replacements. (§7.1.1(d))

Leasing & rentals

Yes, with conditions: written lease must state subject to Declaration and Rules; owner must provide Association with lease information at least 10 days before commencement; owner must provide lessee copies of Declaration and Rules; owner li (§4.15)

Parking & vehicles

Prohibited. (§4.9)

Architectural approval

Board approval required for structural alterations, exterior visible alterations, and any changes to Common Elements. Nonstructural interior alterations allowed without approval but owner responsible for damage. (§4.3.1, §4.3.2)

Maintenance

Association maintains all Common Elements. Unit Owners maintain their Units and Limited Common Elements (chutes, flues, pipes, etc. serving only their unit). (§5.1, §5.2)

Voting & meetings

Total votes in Association = 100. Each Unit's votes allocated according to its percentage of undivided interest in Common Elements (set forth in Exhibit B). (§2.7)

Amendments

Amendments to Declaration generally per Article 12.5 (content not provided). Specific amendments for boundary relocation, unit subdivision, and parking reallocation require Board approval and recording. Declarant may amend during Period of (§2.9, §2.10, §2.8.3, §1.2.18(f),(g))

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