Happinest 4 2 Condominiums

Key facts from Happinest 4 2 Condominiums's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Happinest 4 2 Condominiums

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Art. 1.1(P); Art. 1.0)

Assessments & dues

Board of Directors adopts budget; total estimated Common Expenses assessed proportionally to each Unit's Common Expense Liability (equal shares 1/2 each) (Art. 7.0; Art. 2.2)

Special assessments

Not explicitly defined; Common Expenses include allocations to reserves; any assessment beyond Common Expense Assessment would be a Special Assessment, but no specific procedure given (Art. 1.1(E) definition of Assessments in)

Collections & liens

Assessment Lien granted by Condominium Act; subordinate to First Mortgage; foreclosure sale or deed in lieu transfers title free of prior unpaid Assessments; delinquent amounts remain obligation of defaulting owner (Art. 7.1)

Reserves & fees

Common Expenses include allocations to reserves (Art. 1.1(L))

Architectural approval

Architectural Committee established by Board; prior written approval needed for solar/radio/TV devices Visible From Neighboring Property (Art. 4.1); for structural alterations or exterior color/texture changes, need approval of adjacent Uni (Art. 6.3; Art. 4.1; Art. 4.3; Art. 4.2)

Signs & flags

Declarant may maintain advertising or sales signs on Common Elements during marketing period; no other signs mentioned (Art. 3.3(A))

Maintenance

Association maintains Common Elements (duties as Unit Owners jointly determine); Unit Owners maintain their Units and Limited Common Elements; if Association fails, each Unit Owner maintains contiguous Common Elements (Art. 5.0; Art. 5.1)

Insurance

Fire, casualty, and liability insurance on Unit at full replacement value; carrier rated B+ or better by Best's; liability coverage at least $500,000 combined with adjoining Unit owner (Art. 8.0)

Use restrictions

Each Unit and Limited Common Elements shall be used exclusively for residential use by a Single Family (Art. 4.0)

Voting & meetings

Each Unit has one vote; votes allocated equally (Art. 2.3)

Amendments

Except as allowed for Declarant during control period, Declaration may be amended only by vote of Unit Owners to which 100% of votes allocated; amendments affecting Special Declarant Rights, number of Units, boundaries, interests, or use re (Art. 10.4; Art. 9.1 (mortgagee approval )

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