Dorsey Lane Condominiums

Key facts from Dorsey Lane Condominiums's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Dorsey Lane Owners Association (Article I definitions – 'Association')

Developer / declarant

Watt New Leaf-Dorsey LLC, an Arizona limited liability company (Page 1, before Background; Article I def)

Governing law

Arizona Condominium Act (A.R.S. §33-1201 et seq.) (Background paragraphs B, D; Article I de)

Assessments & dues

Board of Directors adopts budget each fiscal year; budget includes estimate of required funds. No ratification by Owners required. (Article V §5.3)

Collections & liens

Delinquent assessments become a continuing lien on the Unit upon recordation of a Delinquency Notice; Association may foreclose lien or bring personal action. (Article V §5.1, §5.8)

Reserves & fees

Required; included in Regular Assessments. Separate bank account for reserve funds (Article IV §4.1.5). (Article I definitions – 'Common Expenses)

Architectural approval

Architectural Review Committee appointed by Board to administer Architectural Guidelines; any exterior additions/modifications require prior approval. (Article I definitions – 'Architectural G)

Voting & meetings

Class A (Unit Owners): 1 vote per unit owned. Class B (Declarant): 3 votes per unit owned. Class B converts to Class A upon first of: 120 days after Class A votes equal Class B votes; 5 years after first conveyance; or Declarant’s written n (Article III §3.3)

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