Deer Valley II Business Center

Key facts from Deer Valley II Business Center's documents

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

Community type

Condominium (Title and Article 1.11)

Legal name

Deer Valley II Business Center Owners Association (Section 1.4)

Developer / declarant

Deer Valley Airpark Venture II, LLC, an Arizona Limited Liability Company (Parties, p. 1; Section 1.13)

Governing law

Arizona Revised Statutes Title 33, Chapter 9 (Recitals B, D; Section 1.1)

Assessments & dues

Board adopts budget and provides summary to Unit Owners within 30 days; assessments are levied accordingly (Section 8.1)

Special assessments

Requires approval of Declarant or Owners representing 66% of the vote of Unit Owners voting in person or by proxy at a duly called meeting (Section 8.4)

Reserves & fees

Association may establish a reserve for repair, maintenance, taxes, insurance, management and other costs (Section 8.3(2))

Leasing & rentals

Yes, but lease must be in writing, comply with Condominium Documents, contain clause binding tenant, and copy delivered to Board prior to commencement (Section 6.18)

Amendments

Referenced in Article 13 but text not provided; specific amendment requirements noted elsewhere (100% for Art.4, unanimous for allocation) (Index, Article 13)

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