The Fontenelle Lofts Condominium

Key facts from The Fontenelle Lofts Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration creates condominium under Ar)

Legal name

The Fontenelle Lofts Condominium

Governing law

Arizona Condominium Act, A.R.S. §§33-1201 et seq. (Article I, Section 1.0)

Assessments & dues

Board prepares budget (Section 7.0), then levies Common Expense Assessment against each Unit according to Common Expense Liability (equal 1/7 each) (Section 7.1) (Sections 7.0, 7.1(A); Section 2.3 for li)

Special assessments

May be levied if necessary for capital improvements or extraordinary expenses; requires vote or written consent of Owners of at least 4 Units; during Period of Declarant Control consent of Declarant also required (Section 1.1(M) defines Special Assessmen)

Collections & liens

Assessment Lien granted by A.R.S. §33-1256; unauthorized amounts secured by Assessment Lien (Section 1.1(C); Section 4.13 (towing cos)

Reserves & fees

Reserves referenced (Common Expenses include allocations to reserves, and Section 7.13 Reserves from table of contents) (Section 1.1(K) includes 'required alloca)

Pets

Generally recognized house pets permitted (Section 4.6)

Leasing & rentals

Unit Owner may lease entire Unit (Section 4.18)

Home business

Permitted only if: (i) not detectable from outside; (ii) conforms to zoning; (iii) no patrons coming daily; (iv) no more than one non-resident employee; (v) no traffic congestion; (vi) no hazardous materials; (vii) consistent with residenti (Section 4.0 (seven conditions))

Use restrictions

All Units and Limited Common Elements shall be used exclusively for residential use by a Single Family (Section 4.0)

Voting & meetings

Each Unit has one vote; total of seven votes (Section 2.4)

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