56th Street & Chandler Condominium

Key facts from 56th Street & Chandler Condominium's documents

Community type

Condominium (Recital B)

Developer / declarant

CHAMBERLAIN DEVELOPMENT, L.L.C., an Arizona limited liability company (Opening paragraph)

Governing law

Arizona Condominium Act, Arizona Revised Statutes, Sections 33-1201 et seq. (Recital B)

Assessments & dues

Determined annually by Board; not fixed in Declaration (Section 4.3)

Special assessments

Board may levy Special Assessment at any time for capital improvements, unexpected expenses, or deficiencies caused by delinquencies; no member vote required (Section 4.4)

Collections & liens

Assessment Lien on each Unit; prior to all liens except taxes and first mortgages. Foreclosure allowed as for realty mortgages. Association may bid at sale. (Sections 4.1, 4.11.1)

Reserves & fees

Required; reserve study by independent consultant every 5 years; cash flow projections annually; board determines reserve amount in budget (Section 4.2)

Leasing & rentals

Referenced in Article 8.8 'Right to Lease' (text not provided) (Table of Contents (8.8))

Parking & vehicles

Referenced in Article 8.3 (text not provided); also Parking Easement for adjacent property use of certain spaces (Table of Contents (8.3) and Section 6.2)

Architectural approval

Yes; alterations and improvements prohibited without prior approval under Article 9 (Section 9.1)

Signs & flags

Referenced in Article 8.4; Owner may install signs subject to maintenance obligation (5.2(iii)) (Table of Contents (8.4) and Section 5.2()

Maintenance

Not explicitly assigned but Ceiling Area (above upper Unit boundary) is Common Elements (2.1.1.3); Association likely responsible for roof as Common Element (Sections 2.1.1.3, 5.1)

Use restrictions

Referenced in Article 8.2 (text not provided) (Table of Contents (8.2))

Voting & meetings

Voting rights are allocated per Unit Percentage. Two classes: Class A (non-Declarant owners) and Class B (Declarant). Class A votes equal to Unit Percentage; Class B controls until conversion. Votes vest immediately. (Sections 3.4, 3.6)

Amendments

Referenced in Article 10.2 (text not provided); changes to Common Interest require consent of all Owners and First Mortgagees (2.1.2); Declarant may divide units and amend Declaration without other Owner consent (2.4) (Sections 2.1.2, 2.4, 10.2)

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