Skyranch
A commercial owners' association (office, retail, industrial, or business-park units) — not a residential community.
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What Skyranch's governing documents say
Skyranch is a condominium community in Carefree, AZ, consisting of 143 aircraft storage units. You own your individual storage unit (air space) and a proportional undivided interest in the common elements. The declaration governs the use, maintenance, insurance, and governance of the condominium. This is not a residential community; units are designed for aircraft storage.
- What you own & maintain: You own the interior of your unit (air space) and an undivided share in the common elements (e.g., land, foundations, roofs, parking areas). The association maintains and insures common elements; you maintain your unit's interior and any additions or alterations.
- Assessments & fees: Monthly common expense assessments are paid by each owner proportional to their unit's cubic content relative to total cubic content of all 143 units. Delinquent payments accrue 12% interest and up to 25% late charge. The association may levy special assessments for capital improvements with 67% owner approval.
- Insurance requirements: The association must carry master casualty insurance covering common elements and units (100% replacement cost), liability insurance ($1M minimum per occurrence), and fidelity bonds. Owners may obtain additional insurance for personal property and aircraft.
- Use of units & common elements: Units are for aircraft storage. Owners and occupants have a non-exclusive right to use common elements, subject to association rules. The board may suspend voting rights for nonpayment or rule violations. No restrictions on leasing are mentioned in this excerpt.
- Parking: The board has authority to establish, assign, and manage parking spaces for owners.
- Destruction & restoration: In case of substantial destruction (cost >50% of restored value), owners holding 80% of common interest may vote to terminate the condominium and sell. Otherwise, restoration is mandatory. The association may levy special assessments for restoration costs.
- Alterations & additions: Owners may make alterations or additions to their units, subject to architectural control (mentioned in table of contents but not detailed in excerpt). The board may impose rules.
- What this document doesn't cover: This excerpt does not include provisions on leasing terms, pet restrictions, age restrictions, or residential occupancy limits. It is primarily focused on aircraft storage condominium governance, insurance, and maintenance.
Key facts from Skyranch's documents
- Community type
- condominium (§ 2, § 1.4)
- Units / lots
- 143 (§ 3.1)
- Developer / declarant
- Woods Development Corporation, an Arizona corporation, and Woodson K. Woods (Preamble)
- Governing law
- Title 33, Chapter 9 of the Arizona Revised Statutes (§ 1.1)
- Assessments & dues
- Determined by Board; no fixed amount in Declaration. (§ 7)
- Special assessments
- For capital improvements: requires 67% vote of each class of members. For restoration: may be levied by Board, secured by lien. (§ 7.3, § 10.4)
- Collections & liens
- Unpaid assessments become a lien on the unit, subordinate to a recorded First Mortgage. Lien may be foreclosed like a mortgage or deed of trust. (§ 7.2)
- Reserves & fees
- Association shall maintain an adequate reserve for replacement of Common Elements. (§ 7)
- Pets
- No pets allowed on any part of the Condominium. (§ 16)
- Leasing & rentals
- Allowed, but lease must be in writing, subject to Declaration, Articles, Bylaws, and a copy must be delivered to and approved by Association in writing prior to commencement. (§ 16)
- Parking & vehicles
- Board has authority to establish, maintain, assign, and manage parking spaces; use subject to Board rules. (§ 6)
- Signs & flags
- No signs of any nature on units, windows, or common elements except signage identifying unit as established by Declarant. No 'For Sale' or 'For Rent' signs. Declarant exempt until last unit sold. (§ 16)
- Voting & meetings
- Two classes: Class A (owners other than Declarant) – one vote per unit; Class B (Declarant) – three votes per unit owned. Class B converts to Class A upon conveyance of unit to non-Declarant or upon first date when Class A votes equal or ex (§ 4.1)
- Amendments
- During first 20 years from recordation: 80% of undivided ownership of Common Elements, plus Declarant approval if Declarant holds interest. After 20 years: 75% of undivided ownership. Instrument must be recorded. (§ 24)
About this HOA
Skyranch is a homeowners association in Carefree, AZ.
HOAproxy has 1 document on file for Skyranch: 1 recorded document. Last updated 2026-07-24.