Posada Del Sol Association, Inc.

Key facts from Posada Del Sol Association, Inc.'s documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (Recitals; Section 1.2.13 Condominium def)

Legal name

Posada Del Sol Association, Inc.

Developer / declarant

Posada Del Sol Association, Inc. (an Arizona non-profit corporation) (Preamble)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.1; Section 1.2.14)

Assessments & dues

Set by Board in budget; equal 1/10 share per Unit (Section 7.2.1, Section 7.1.1)

Special assessments

Requires approval of Unit Owners representing 2/3 of votes in person or by proxy; due 30 days after levy (Section 7.3)

Collections & liens

Assessment Lien per Condominium Act; recording of Declaration perfects lien. Foreclosure action allowed; Association may bid at sale. (Section 7.4.2, 7.4.3)

Reserves & fees

Surplus funds may be placed into Reserve Fund at Board's discretion. (Section 7.9)

Pets

Yes, but limited to two Permitted Pets (household bird, dog, or cat). No other animals, livestock, or poultry. (Section 4.8)

Leasing & rentals

Yes, with conditions: written lease, subject to Declaration/Bylaws/Rules, No Pets clause, provide tenant info to Association. (Section 4.2)

Parking & vehicles

No inoperable vehicles; no repair except emergency; carport storage limited to vehicles listed (autos, golf carts, bicycles, motorcycles, travel trailers, boats on trailers). Towing authorized. (Sections 4.13, 4.14, 4.15)

Architectural approval

Yes, for nonstructural modifications within Dwelling (no approval needed); for modifications visible from exterior or structural changes, prior written approval required. Board has 30 days to act; fee may be charged. (Section 4.5)

Home business

Permitted if not detectable from outside, conforms to zoning, no visitors, consistent with residential character. (Section 4.1)

Signs & flags

For Sale/For Rent signs ≤ 24x24 inches; name/address signs ≤ 9x30 inches; other signs require Board approval. (Section 4.16)

Maintenance

Association maintains Common Elements (all roofs and exterior walls). Unit Owner maintains Dwelling interior, exterior doors/windows, pipes/equipment serving only his Unit. Septic systems (shared or individual) maintained by benefiting Unit (Sections 5.1, 5.2, 5.2.1)

Insurance

Property insurance on Common Elements and Units (excl. owner improvements) at 100% replacement cost; General liability $1M minimum; workers comp; D&O; fidelity bonds. (Section 8.1, 8.2)

Use restrictions

All Units shall be used exclusively for residential purposes. (Section 4.1)

Voting & meetings

Each Unit has one vote; allocated equally (Section 2.7)

Amendments

Requires recording of Certificate of Amendment approved by 80% of Members' votes at a duly called election. (Section 11.2)

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