Bell Road Office Plaza

Key facts from Bell Road Office Plaza's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article 1 definitions)

Governing law

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

Assessments & dues

By Board adopting an annual budget; assessed in proportion to Common Expense Liability (based on square footage) (Sections 7.1, 7.2.1, 2.6)

Special assessments

Yes, requires approval of 2/3 of votes in Association (except for damage reconstruction) (Section 7.3)

Collections & liens

Assessment Lien; recorded by Declaration; may foreclose like a mortgage (Sections 7.5.2, 7.5.5)

Reserves & fees

Required in budget; held in separate trust account (Section 7.12)

Leasing & rentals

Yes, with written lease complying with Declaration and Rules (Section 4.15)

Architectural approval

Yes, for structural alterations and any exterior visible changes; nonstructural interior changes do not need approval (Sections 4.4.1, 4.4.2)

Insurance

Determined by Board; deductible is common expense but may be assessed to responsible Unit Owner (Section 8.1.3)

Voting & meetings

Each Unit has 1 vote; total 2 votes (Section 2.7)

Amendments

Declarant may amend during control period for certain purposes; general amendment in Article 12 (not fully shown) (Sections 1.2.17(e),(f); Article 12 headi)

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