Oh Good, I was worried that another day would go by without us learning that SVN has been messing with things . . ..
If it is true that the small and large one bedroom maintenance fees when combined total more than the two bedroom lock-off maintenance fee, this would be in direct conflict with the “Declaration of Covenants, Conditions, Restrictions and Easements for Scottsdale Pinnacle” (Official name of SDO) recorded with Maricopa County as Document No. 98-0094372.
In particular, Sec. 6.1 (Creation of Personal Obligations for Maintenance Fees) on page 20 of Doc. No. 98-0094372 expressly says that:
“Proportionate Share” for Owners of Annual Intervals shall be as follows:
Interval Type/Unit Type..........................................Proportionate Share
Annual Interval – Deluxe One Bedroom.................................63%
Annual Interval – Standard One Bedroom.............................37%
Annual Interval – Two Bedroom........................................100%
Such that the Maintenance Fee of an Annual Interval – Two Bedroom shall be equal to the combined total Maintenance Fees of an Annual Interval-Deluxe One Bedroom and an Annual Interval – Standard One Bedroom.
“Proportionate Share” for each Biennial Interval Owner shall be fifty percent (50%) of the Annual Interval Maintenance Fee of the same Unit Type plus a bookkeeping fee established by the Association to reasonably compensate it for handling the extra work involved in assessing and collecting Maintenance Fees from the Owners of Biennial Intervals.”
If anyone (including the good folks at SVN) wants to check my work, click on this link:
http://recorder.maricopa.gov/recdocdata/
Then enter 98 in the first box next to “recording number” and 0094372 in the second box next to “recording number," then click on "seach.”
Go to page 20 (which you get to by entering page "25" in the page search box that appears) of the document that appears.
Is anyone aware of SVN recording any changes to this document that affect this calculation?
-nodge