Parkview Center Condominiums

Key facts from Parkview Center Condominiums's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Parkview Center Condominiums

Units / lots

11 (Units 101-107 and 201-204) (Section 2.4: 'identifying numbers of the)

Developer / declarant

Parkview Center, L.L.C., an Arizona limited liability company (Section 1.2.15)

Governing law

Arizona Condominium Act, A.R.S. §33-1201, et seq. (Article 1, Definitions, 1.1 and 1.2.13)

Special assessments

May be levied for capital improvements or other lawful purposes; requires approval by unit owners representing 2/3 of votes, in person or by proxy, unless levy is for damage/destruction under Section 9.1 (automatic). (Section 7.3)

Reserves & fees

After termination of Period of Declarant Control, assessments must include reasonable reserve amounts for future maintenance, repair, or replacement of common elements. Reserves held in separate trust account, not commingled. Withdrawal req (Section 7.12)

Maintenance

Each unit owner maintains, repairs, and replaces the portion of the roof of the Building located above his unit. (Section 5.2(c))

Insurance

Unit owners may obtain insurance for their own benefit covering their unit, personal property, and personal liability, but are not required to do so by this Declaration. (Section 8.3)

Use restrictions

False. Units shall be used exclusively for normal and customary professional office purposes, such as medical, dental, legal and/or engineering, conforming to zoning. All uses must be approved by the Board. (Section 4.1)

Voting & meetings

Allocated equally among units based on common expense liability; each unit has 1 vote per 1/10th of 1% of common expenses borne by the unit. Total votes: 995. (Section 2.7)

Amendments

This Declaration may be amended as provided in the Arizona Condominium Act. (Specific vote requirement not stated in provided text but referenced in Section 11.5; TOC page 4 lists '11.5 Amendment.') (Section 11.5 (TOC))

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