Portales Townhome Condominiums

Key facts from Portales Townhome Condominiums's documents

Community type

condominium (Article 2.1 - Submission of Property to )

Developer / declarant

Portales Townhomes, L.L.C. (an Arizona limited liability company) (First paragraph of Declaration)

Governing law

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

Special assessments

Requires approval of 2/3 of votes in Association present and voting at a meeting; due 30 days after levy unless otherwise specified (Section 7.3)

Reserves & fees

After Period of Declarant Control, Assessments must include reasonable reserves for future maintenance/repair/replacement; separate bank account; reserve study every three years (Section 7.12)

Pets

Yes, up to two Permitted Pets (dog, cat, or household bird) (Section 4.7)

Leasing & rentals

Yes, but Unit Owner may only lease entire Unit; subleasing and assignment prohibited (Section 4.20)

Signs & flags

Only one name/address sign not exceeding 9x30 inches allowed on exterior without Board approval; all other signs prohibited without approval (Section 4.15)

Voting & meetings

Each Unit has one vote (total votes equal number of Units) (Section 2.7)

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