Los Reales at Carefree

What Los Reales at Carefree's governing documents say

Los Reales at Carefree is a residential subdivision in Carefree, AZ, governed by a homeowners association (HOA). All lot owners are automatically members and must pay assessments for common expenses. The HOA maintains common areas, private roads, and certain exterior elements. The Declarant initially controls the association until at least 90% of completed residences are sold.

• Membership & voting: Each lot has one membership with one vote. Quorum for member meetings is 60% initially, reduced to half of that at subsequent meetings. Members must be current on assessments to vote. Declarant holds three votes per lot it owns until the Transition Date.
• Assessments: Regular assessments start at $50 per month (Base Assessment) for 1996, adjusted annually by CPI through 2016. Increases over 10% require two-thirds membership approval. Special assessments can be levied for fines, enforcement, or individual benefits. Capital improvement assessments exceeding annual common expenses require majority vote.
• Use & occupancy restrictions: Lots are for residential use only. Specific restrictions cover animals, signs, mailboxes, nuisances, boats, motor vehicles, lights, antennas, garbage, mining, safe conditions, fires, clothes drying, no further subdivision, drainage obstructions, entrance gates, and rental of lots. Prohibited vehicles may be regulated.
• Architectural & landscape control: A Community Design Review Committee reviews and approves all architectural and landscape plans. Owners must submit plans for approval and conform to Community Design Guidelines. The committee has appointed authority.
• Maintenance responsibilities: Owners maintain their lots and improvements, except for common areas, private roads, and certain exterior elements (e.g., stucco repairs and landscaping) maintained by the association. The association has a right of access for maintenance.
• Insurance: The association carries master property, liability, and other insurance. Proceeds are held in trust for reconstruction. Owners may need their own coverage for personal property and liability.

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.