Quatros I

Key facts from Quatros I's documents

Community type

Condominium (Horizontal Property Regime) (Recitals and Article II)

Developer / declarant

Quatros II, an Arizona non-profit corporation (First paragraph after preamble)

Governing law

Arizona Revised Statutes Sections 33-551 through 33-561 (Recitals (WHEREAS clauses) and Section 6)

Assessments & dues

Board sets annual assessment by multiplying total estimated common expenses by each UNIT's undivided interest (1/76) (Section 8.6)

Special assessments

Approved by 51% of votes of each class for capital improvements or other lawful purpose (Section 8.3)

Collections & liens

Delinquent assessment becomes a continuing lien; can be foreclosed like a realty mortgage or via power of sale; written demand required before recording (Section 8.8)

Reserves & fees

Association shall maintain an adequate reserve fund for periodic maintenance, repair, replacement of common elements (Section 8.13)

Pets

Yes, but only house pets (Section 4.7: 'a reasonable number of hou)

Home business

Prohibited except for personal professional library, business records, and personal business calls/correspondence (Section 4.0)

Signs & flags

Only name/address sign up to 24 x 30 inches allowed without approval; otherwise ARC approval required (Section 4.14)

Voting & meetings

One vote per UNIT owned; Class A members (all owners except Declarant) have voting rights (Section 7.1)

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