Premier Storage Condominiums of North Phoenix, L.L.C

Key facts from Premier Storage Condominiums of North Phoenix, L.L.C's documents

Community type

Condominium (under Arizona Condominium Act) (Preamble and Article II Section 2)

Legal name

Premier Storage Owners Association of North Phoenix, Inc. (Article I (b))

Developer / declarant

PREMIER STORAGE CONDOMINIUMS OF NORTH PHOENIX, L.L.C., an Arizona limited liability company (Preamble and Article I (k))

Governing law

A.R.S. §33-1201, ET. Seq. (Preamble)

Assessments & dues

Board of Directors fixes amount at least 30 days in advance of each monthly assessment period; written notice sent to every Owner (Article VI Section 4)

Reserves & fees

Board may establish and maintain a reserve fund for replacement, paid monthly; deposited in FDIC/FSLIC insured accounts or US obligations (Article VI Section 2(a))

Voting & meetings

One vote per Unit; Developer Owners have six (6) votes per Unit; fractional votes not allowed; when more than one holds interest, they determine how vote is cast but only one vote per Unit (Article V Section 2)

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