Acacia Lofts

Key facts from Acacia Lofts's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: DECLARATION OF CONDOMINIUM; also )

Legal name

ACACIA LOFTS HOMEOWNERS' ASSOCIATION

Developer / declarant

Acacia Lofts LLC, a Utah limited liability company (Section 1.15: "Declarant" or "Developer")

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.21: "Arizona Condominium Act, )

Assessments & dues

Set by Board; no specific amount stated (Section 6.2.1: "the Board, for each Asse)

Special assessments

May be levied with assent of 67% of votes entitled to be cast by Members voting in person, by mail, or absentee ballot at a duly called meeting (Section 6.5: "provided that any Special )

Collections & liens

Association Lien created by Section 6.1; priority over all liens except tax liens and governmental assessments; Board may enforce lien without notice or demand, or institute money judgment action (Section 6.1: "shall be a charge on the R)

Reserves & fees

Amount established from time to time by the Board; payable by each Purchaser upon becoming Owner (Section 6.10: "Each Purchaser of a Resid)

Pets

No animals, livestock, or poultry of any kind shall be raised, bred, or kept on any Residential Unit (Section 3.13: "No animals, livestock, or)

Leasing & rentals

Implied permissible; lessees have right to use Common Elements during lease term; Owner loses right during lease (Section 4.3(B): "If a Residential Unit i)

Parking & vehicles

Governed by Association Rules; subjects include motor vehicles, parking, trucks, trailers, campers, boats, towing of vehicles (Section 3.9); Declarant may reserve parking spaces for sales purposes (Section 4.4(C)) (Section 3.9: list includes "motor vehicl)

Architectural approval

Prior written approval of Architectural Committee required for all Exterior Alterations, including construction, installation, addition, alteration, repair, change of color, landscaping, removal, demolition, or other work altering exterior (Section 3.1.4: "No Exterior Alteration s)

Solar & roof

Listed as subject to Association Rules (Section 3.9: "solar energy devices") (Section 3.9: "solar energy devices")

Home business

Business activity within a Residential Unit allowed if not apparent by sight/sound/smell from outside, conforms to zoning, consistent with residential character, not a nuisance or hazard, as determined by Board (Section 3.7: "an Owner or other Resident)

Signs & flags

No signs except (i) Declarant's sales signs, (ii) signs on Common Elements placed or approved by Declarant or Board, (iii) signs required by legal proceedings, (iv) signs approved by Board; violation results in immediate $50.00 per day fine (Section 3.15: "No emblem, logo, sign or )

Maintenance

Association responsible for Common Elements, Improvements thereon, and Association Property; Owner responsible for Residential Unit and allocated Limited Common Elements (Section 7.1.1: "The Association ... shal)

Use restrictions

All Residential Units shall be used, improved, and devoted exclusively to residential use by a Single Family (Section 3.7: "All Residential Units shal)

Voting & meetings

Each Residential Unit has one vote; Declarant (Class B) has three votes per unit owned; Class B membership ceases when Declarant notifies in writing (Section 2.5: "The votes in the Associati)

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