Freeport-Mcmoran Center Condominium

Key facts from Freeport-Mcmoran Center Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Document title and Recital C)

Units / lots

2 (Hotel Unit and Office Unit) (Sections 3.4, 3.6)

Governing law

Arizona Condominium Act, A.R.S. §§33-1201 et seq. (Section 2.16)

Special assessments

Permitted; may be levied by Board for unexpected expenses (Section 8.1(c))

Collections & liens

Association has an assessment lien on each Unit for unpaid assessments; may foreclose (Section 8.9 and Article VIII)

Reserves & fees

Capital Reserve Fund required as deemed appropriate by Board (Section 8.15)

Leasing & rentals

Yes, subject to Declaration; Section 5.2 addresses leases of condominiums (Section 5.2)

Architectural approval

Yes, for temporary construction work affecting the Building, Common Elements, or other Unit (Section 4.3(c)) and for signage/antennae (Section 4.5) (Section 4.3(c) and 4.5)

Signs & flags

Subject to Section 4.5; signs, antennae and equipment require approval and compliance (Section 4.5)

Maintenance

Association maintains Common Elements; each Owner maintains their Unit and allocated Limited Common Elements (Sections 6.1, 6.2)

Insurance

All-risk property insurance on Common Elements and Units; comprehensive general liability insurance (Sections 9.1, 9.2)

Voting & meetings

Hotel Unit: 5 votes; Office Unit: 5 votes; total 10 votes (Section 3.6)

Amendments

Amendments require compliance with Condominium Act (Section 33-1218) and recorded in Maricopa County (Section 13.5)

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