Condominium Common Element For All Living Things In Maricopa

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

Description

The Master Deed establishes a condominium project known as the Condominium common element for all living things in Maricopa, detailing the rights and responsibilities of co-owners. This document outlines the General Common Elements, such as roads, landscaping, and pathways, as well as Limited Common Elements, including private driveways and docks designated for exclusive use by specific units. It specifies procedures for maintenance, detailing which aspects are the responsibility of the co-owners versus the condominium association. Filling instructions guide users on how to accurately fill in details regarding the developer and project specifics. Attorneys, partners, and owners will find this Master Deed essential for understanding property ownership, rights, and obligations, enabling them to navigate legal aspects confidently. Paralegals and legal assistants will benefit from clear guidelines on administrative responsibilities involved in managing condominium properties, while also ensuring compliance with the Condominium Act and local regulations. The form plays a crucial role in which living elements in the community are protected and maintained, reflecting the intent to establish a sustainable environment for all residents.
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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

1. Property owner (applicant) must be 65 years of age or older. 2. The property must be the primary residence of the property owner and must have lived there for at least 2 years.

Property classified as Legal Class 4.1 is not listed as a registered rental but still does not receive the State Aid to Education Tax Credit. An example of a property in Legal Class 4.1 is a secondary home.

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.

Legal Classes: 3.2 - Primary Residence of a qualified family member. 3.3 Primary Residence also leased or rented to lodgers. 4.1 - Non-Primary Residence. 4.2 - Residential Rental.

However, certain changes, such as new constructions or additions, parcel splits or consolidations, or changes to a property's use trigger a reassessment of the LPV.

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Condominium Common Element For All Living Things In Maricopa