Oasis Sunrise

What Oasis Sunrise's governing documents say

This is a single-family home in the Oasis Sunrise community (Apache Junction, AZ) that is subject to a recorded covenant restricting resale or rental for one year after purchase. The covenant binds the original owner and runs with the land for that period. It is not a full set of community rules—only a short-term restriction, with a $20,000 liquidated damages penalty and a lien to enforce it.

• Leasing & rentals: You cannot lease or rent the property within the first year after your purchase from D.R. Horton without the seller's written consent. Violation triggers a $20,000 liquidated damages payment and possible foreclosure of the lien.
• Resale restriction: You cannot sell or transfer ownership of the property within the first year after purchase without the seller's prior written consent, with limited exceptions (death, transfer to spouse, revocable trust, divorce, refinancing, etc.).
• Penalties & lien: If you violate the restriction, the seller is entitled to $20,000 in liquidated damages, plus interest (15% per annum), and can foreclose on the property via a recorded lien. You also owe the seller's attorney fees if they prevail in enforcement.
• Exceptions to restriction: The restriction does not apply to transfers due to the owner's death, adding a spouse as co-owner, transferring into a revocable living trust where the owner is a beneficiary, divorce/property settlement, refinancing, or a necessary relocation due to a job change of more than 75 miles.
• What this document doesn't cover: This document does not address typical HOA rules such as pet limits, parking, architectural review, maintenance obligations, or common area use. It only imposes a one-year resale/rental restriction with a monetary penalty and lien.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.