The Montego

Key facts from The Montego's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and Section 2.2)

Developer / declarant

Montego Villas Development, LLC, an Arizona limited liability company (Recitals, first page)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq., as amended from time to time (Section 1.1)

Special assessments

Allowed (Section 7.3) – details not excerpted (Section 7.3 (title only))

Leasing & rentals

Leasing of a Unit is not considered a trade or business, implying leasing is permitted (Section 4.1 (last sentence of paragraph))

Home business

Allowed with conditions: not detectable from outside, conforms to zoning, conducted solely in Unit, no visitors to Unit, consistent with residential character, not a nuisance or hazardous (Section 4.1)

Insurance

Unit Owners may obtain their own insurance (Section 8.4); also for alterations, Unit Owner must provide liability insurance as required by Board (Section 8.4, Section 4.4.4(e))

Use restrictions

All Units shall be used, improved and devoted exclusively to residential use (Section 4.1)

Voting & meetings

Each Unit has one vote; total votes equal number of Units (Section 2.8)

Amendments

Amendment by vote of Members; certain actions require 67% vote (e.g., reallocation of common elements after Declarant control); also subject to mortgagee approval (Article 14) (Section 13.5, Section 2.9.4, Section 14.)

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