Airpark Suites Condominiums

Key facts from Airpark Suites Condominiums's documents

Community type

Condominium

Legal name

Airpark Suites Condominiums

Developer / declarant

RGA Properties, L.L.C., an Arizona Limited Liability Company (First page of Declaration, Recitals)

Governing law

Title 33, Chapter 9 of the Arizona Revised Statutes (Article I, Section 1.1; also Recitals)

Assessments & dues

Board adopts budget at least annually, provides summary to Owners within 30 days; assessments levied based on budget (Section 8.1, 8.3)

Special assessments

May be levied for capital improvements; requires approval by Declarant while in control, thereafter by Owners representing 2/3rds of votes of each class (Section 8.4)

Collections & liens

Association may record Notice of Claim of Lien after written demand and 10 days; foreclosure action allowed; lien priority subject to first mortgages and tax liens (Section 8.9, 8.10)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair and replacement of improvements to Common Elements (Section 8.14)

Pets

Except for service animals for the handicapped, no animals, reptiles, fish (except a fish aquarium inside a Unit) or birds of any kind shall be raised, bred or kept on or in any Unit or on the Common Elements unless approved in writing by t (Section 6.4)

Leasing & rentals

Lease or rental agreement for any Unit or part thereof shall be in writing, subject to Declaration, Articles, Bylaws and Rules; must contain clause that tenant is bound by Condominium Documents (Section 6.17)

Voting & meetings

Each Unit owned by Class A Member entitled to one vote per Unit; Class B Member (Declarant) entitled to three votes per Unit owned (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.