The Cays at Downtown Ocotillo Condominiums

Key facts from The Cays at Downtown Ocotillo Condominiums's documents

Community type

Condominium (Overview: 'The Cays at Downtown Ocotillo)

Developer / declarant

The Cays of Downtown Ocotillo, LLC, an Arizona limited liability company (Opening paragraph: 'by THE CAYS OF DOWNT)

Governing law

Arizona Condominium Act, A.R.S. §§33-1201, et seq. (Article 1, Section 1.0: 'the Arizona Con)

Assessments & dues

Common Expense Assessments levied based on each Unit's Common Expense Liability, which is allocated per the Allocated Interest formula (Unit Area / Total Area of Units) (Article 2, Section 2.2 and 2.3; Article )

Special assessments

Allowed for expenses not in budget; requires notice and quorum as per Section 7.2 and 7.3 (Article 7, Section 7.2 and 7.3)

Collections & liens

Association has a statutory lien under A.R.S. §33-1256 (Assessment Lien) for unpaid assessments, monetary penalties, and other charges (Article 1, definition of 'Assessment Lie)

Reserves & fees

Required allocations to reserves are part of Common Expenses (Section 1.1 definition of 'Common Expenses'); Section 7.11 refers to 'Reserve Accumulation Fee' (Article 1, Section 1.1 'Common Expenses')

Pets

Yes, but subject to pet registration fee (Section 4.5) (Article 4, Section 4.5)

Leasing & rentals

Yes, Section 4.20: Leasing; Tenant Administration. Leasing is not considered a trade or business (Section 4.0) (Article 4, Section 4.20; Section 4.0)

Architectural approval

Prior written approval of Board of Directors required for structural additions/alterations; also Ocotillo Design Review Board (ODRB) approval needed; nonstructural alterations visible from exterior require approval (Article 4, Section 4.2)

Home business

Prohibited; business/trade broadly defined, but leasing of a Unit is not considered trade or business (Article 4, Section 4.0)

Signs & flags

Regulated by Section 4.14; Declarant has right to maintain advertising signs during sales (Section 3.4) (Article 4, Section 4.14; Article 3, Sect)

Insurance

Section 8.5 addresses deductibles (no amount provided) (Article 8, Section 8.5)

Use restrictions

All Units and Limited Common Elements shall be used exclusively for residential purposes; no business or trade permitted (Article 4, Section 4.0)

Voting & meetings

Each Unit has one vote; voting rights may be suspended for violation of Condominium Documents (Article 2, Section 2.4: 'The votes in th)

Amendments

Amendments require vote or written assent of Unit Owners as per Condominium Act and Section 10.4; certain amendments require consent of First Mortgagees (Article 9) (Article 10, Section 10.4; Article 9, Sec)

Amenities

Clubhouse, pool, spa, fitness center, outside BBQ/Ramada areas, business and sales center, walkways, gates, green spaces, on-site parking and driveways (Common Elements); Lake is under Master Association control (Article 1, definition of 'Common Element)

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