Condo Common Element For Rent In Maricopa

State:
Multi-State
County:
Maricopa
Control #:
US-00454
Format:
Word; 
Rich Text
Instant download

Description

The Master Deed for the Condo common element for rent in Maricopa establishes a detailed legal framework governing the condominium project. This document outlines the title and nature of the condominium, including the delineation of Units, General Common Elements, and Limited Common Elements that are shared or exclusively used by owners. Key features include the responsibilities of the Developer, Co-owners, and the Association regarding maintenance, repair, and replacement of these elements. Key filling and editing instructions involve ensuring accurate descriptions of units and adherence to the provisions of the Condominium Act. Target audiences such as attorneys, partners, owners, associates, paralegals, and legal assistants will find this form essential for ensuring compliance with local laws while facilitating smooth operations within the condominium. The form provides guidance on subdividing or consolidating units, reassigning common elements, and addressing utility easements, critical for the ongoing management and enjoyment of condominium properties. Additionally, it addresses liability issues concerning common elements, making it a vital resource for all legal issues relating to condominium living.
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  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development

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FAQ

Simply search for your parcel by placing the parcel number or address in the search bar, select enter and select the REGISTER RENTAL tab. This will take you to the LOG IN page where you will select NOT A MEMBER. You can then create a login and password and begin the rental registration process.

Individual owners of taxable rental properties are required by law to obtain a TPT license with ADOR regardless if the owners rent the property themselves or employ a property management company (PMC).

In the state of AZ, by law, you need to have a TPT license if you are operating a short-term rental (home share, whole house, any type), and you need to file even though the platforms may be paying the tax to the state/county/city. Your filing helps allocate platform funds to your specific TPT license number.

A new class 4.1 has been added for real and Assessment Procedures Determination of Primary Residence Arizona Department of Revenue 1 | Page Page 3 personal property and improvements “that are used for residential purposes, including residential property owned in foreclosure by a financial institution, that is not ...

Under A.R.S. 42-13301 the LPV is the limited property value of the property in the preceding valuation year plus five percent of that value.

Effective January 1, 2025, Arizona property owners will no longer be required to collect and remit city Transaction Privilege Tax (TPT) on residential rental income for long-term stays of 30 consecutive days or more.

Maricopa Transaction Privilege Tax & Use Tax Rates City/Town Name: Maricopa City Code: MPBusiness CodeTax Rate Hotel/Motel (Additional Tax) 144 5.50% Commercial Rental, Leasing & Licensing for Use 213 2.00% Rental, Leasing & Licensing for Use of TPP 214 2.00% Restaurants and Bars 011 2.00%19 more rows

Building permits are required for all structures with the exception of a structure that is less than 200 square feet with no electrical, plumbing or mechanical.

The LPV is established by what is called a “Rule B” ratio. The Rule B ratio is the ratio of the average LPV to the average FCV for similar properties in the same classification throughout the county. Rule B ratios vary by county, by class of property, and by tax year.

Arizona allows a $4,748 Assessed Value property exemption to Arizona resident property owners qualifying as a widow/widower, or a person with total and permanent disability, or a veteran with a service or non-service connected disability.

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Condo Common Element For Rent In Maricopa