13th Avenue and Roosevelt Condominiums

Key facts from 13th Avenue and Roosevelt Condominiums's documents

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

Community type

Condominium (Title and throughout)

Legal name

13th Avenue and Roosevelt Condominiums

Developer / declarant

Lowell M. Berry and Barbara Ann Berry, husband and wife, and A.J. Ricci, Corp., an Arizona corporation (First paragraph and Article 1.1(O))

Governing law

Arizona Condominium Act, A.R.S. §§ 33-1201 et seq. (Article 1.0)

Assessments & dues

Board adopts budget; total estimated Common Expenses assessed against each Unit in proportion to its Common Expense Liability (72% Unit 1, 28% Unit 2). (Article 7.0(A) and 2.2)

Special assessments

Common expense caused by negligence, omission or willful misconduct of a Unit Owner assessed exclusively against that Unit. Assessments to pay a judgment against the Association made only against Units at time of judgment in proportion to C (Article 7.0(B) and (C))

Collections & liens

All assessments, monetary penalties and other charges secured by Assessment Lien under A.R.S. §33-1256. Recording of Declaration constitutes record notice and perfection. Association may foreclose lien as a realty mortgage, bring action aga (Article 7.1(B) and (C))

Reserves & fees

Board may establish reasonable late fee for each installment of an Assessment more than ten days delinquent. (Article 7.1(A))

Leasing & rentals

Yes, all leases must be in writing and provide that lease terms are subject to Condominium Documents; lessee failure to comply is default under lease. (Article 4.5)

Insurance

Property insurance on Common Elements and Units (exclusive of improvements installed by Owners) under All Risk of Direct Physical Loss Form, replacement cost, not less than 100% of current replacement cost. General liability insurance minim (Article 8.0(A))

Voting & meetings

Allocated by percentage interest: 72% for Unit 1, 28% for Unit 2. (Article 2.2)

Amendments

Material amendments require approval of Unit Owners representing at least 75% of total allocated votes. Termination requires 75% vote and approval of Eligible Mortgage Holders holding 75% of votes of units subject to First Mortgages. Non-ma (Article 9.1)

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