Colina of Carefree

Key facts from Colina of Carefree's documents

Community type

Condominium as of 2004 (Title: 'COLINA OF CAREFREE CONDOMINIUM A)

Legal name

Colina of Carefree Homeowner’s Association (also referred to as Colina of Carefree Condominium Association) as of 2004 (Multiple references: 'Colina of Carefree)

Governing law

Arizona Revised Statutes Section 33-551 et seq. (Horizontal Property Regime) as of 2004 (Recitals: 'pursuant to former Section 33)

Assessments & dues

Board annually determines and fixes the amount; may not increase more than 30% or decrease more than 20% without membership vote (written assent of 51% present and voting or written assent of 51% of membership) as of 1985 (Subarticle 4.3, page 15)

Collections & liens

Assessments and charges constitute a continuing lien on the unit, prior and superior to all other liens except taxes and first mortgages; lien may be foreclosed by sale of unit in same manner as realty mortgage or deed of trust as of 1985 (Subarticles 4.1, 4.9.1, pages 14-15, 17-)

Reserves & fees

Annual assessments shall include an adequate reserve fund for taxes, insurance, maintenance, repairs and replacement of Common Area as of 1985 (Subarticle 4.2, page 15)

Pets

Usual and ordinary household pets such as dogs, cats or birds may be kept provided they are kept under reasonable control; Board may enact rules and designate areas; objectionable pets may be removed (right not unreasonably applied) as of 1985 (Subarticle 7.5, page 26)

Leasing & rentals

Units may be leased, but not for transient or hotel purposes (defined as rental less than 30 days or provision of customary hotel services); lease must be in writing, subject to CCRs, and copy provided to Association within 10 days of execu as of 1985 (Subarticle 7.8, pages 26-27)

Signs & flags

Signs advertising units for sale or rent may be displayed only in locations designated by Board; all other signs must be approved by Board or Architectural Control Committee as of 1985 (Subarticle 7.4, page 26)

Use restrictions

Units occupied and used only for single family residential purposes; no trade or business; Declarant may use unsold units as model home or sales office as of 1985 (Subarticle 7.1, page 25)

Voting & meetings

Class A Members (non-Declarant owners) get 1 vote per unit; Class B Member (Declarant) gets 3 votes per unit owned, converting to Class A upon termination of Class B (when Class A votes equal tripled Class B votes or 5th anniversary of firs as of 1985 (Subarticles 3.4, 3.6, pages 11-12)

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