4141 N. 32nd Street, a Condominium

Key facts from 4141 N. 32nd Street, a Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title)

Developer / declarant

Rimrock 32nd Street Investors, LLC, an Arizona limited liability company (Preamble)

Governing law

Arizona Revised Statutes §33-1201 et seq. (Article I, Section 1.3)

Assessments & dues

Determined by Board based on annual budget; uniform per square foot rate based on undivided interest (Sections 8.4, 8.5)

Special assessments

Allowed for capital improvements or other lawful purposes; requires 2/3 vote of both classes (Section 8.6)

Collections & liens

Continuing lien on unit; may foreclose in manner of real property mortgages or deeds of trust (Sections 8.2, 8.9, 8.10)

Reserves & fees

Required; segregated and maintained as separate fund for contingencies, replacements, etc. (Sections 8.1, 8.11)

Pets

Only fish in aquariums may be kept, subject to rules; no other animals (Section 5.12)

Leasing & rentals

Yes, subject to Declaration provisions; entire unit must be leased unless Declarant consents otherwise (Sections 5.3, 5.4.A)

Architectural approval

Yes, Architectural Control Committee approval required for certain modifications (Section 5.4.B, Article XIII)

Signs & flags

Association reserves right to administer for-sale and for-lease signage (Section 5.5)

Maintenance

Owner responsible for Unit interior (finishes, windows, doors, HVAC, plumbing, electrical within Unit); Association responsible for Common Elements and Common Areas (Sections 3.3, 8.1)

Insurance

May contain deductible paid by Association except as provided in Section 12.1 (Section 10.1)

Use restrictions

Prohibited; use limited to professional offices, medical, physical therapy, out-patient services (Section 5.2)

Voting & meetings

Two classes: Class A (owners, 1 vote per 1000 sq ft), Class B (Declarant, 5 votes per 1000 sq ft until 80% sold) (Article VII, Section 7.3)

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