The Salado Grand

Key facts from The Salado Grand's documents

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

Community type

Condominium

Legal name

THE SALADO GRAND, A CONDOMINIUM

Developer / declarant

FIRST AND BECK L.L.C., a Nevada Limited Liability Company (Opening paragraph)

Governing law

Arizona Revised Statutes §33-1201 et seq. (Uniform Condominium Act) (Recitals, Article I §1.01)

Assessments & dues

Maximum $2,700 per unit until January 1 of the year following conveyance of the first unit to an Owner (Article V §5.03)

Special assessments

May be levied for capital improvements (construction, reconstruction, repair or replacement) with assent of 2/3 of votes of each class. Also for restoration after casualty. (Article V §5.04, Article X §10.04)

Reserves & fees

If assessment not paid within 15 days after due, late charge as provided in By-Laws (Article VI §6.02)

Voting & meetings

Class A (Unit Owners other than Declarant): 1 vote per unit; Class B (Declarant): 3 votes per unit owned. When more than one owner of a unit, only one vote per unit as co-owners determine. (Article IV §4.03)

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