The Waters at Ocotillo

What The Waters at Ocotillo's governing documents say

The Waters at Ocotillo is a planned single-family home community in Chandler, AZ, governed by this Declaration of Covenants, Conditions and Restrictions (CC&Rs). It is part of the larger Ocotillo master-planned community, with an additional Master Association (Ocotillo Community Association) that has its own rules. This document applies to homeowners (Owners) and residents, binding them to its covenants.

• Master Association & Subordination: The property is subject to a Master Declaration and Master Association (Ocotillo Community Association). This Declaration is subordinate to the Master Declaration, and in case of conflict, the Master Declaration controls. Master Association approval may be required for architectural changes and other matters.
• Architectural Review: Initially, the Master Association handles architectural review; no local Architectural Review Committee (ARC) is formed. The Declarant may later create an ARC and adopt Design Guidelines. Any improvement visible from neighboring property requires prior written approval, with applications deemed disapproved after 60 days if not acted upon. Variances may be granted in extenuating circumstances.
• Assessments & fees: The Association levies Annual Assessments and Special Assessments. Each Lot is assessed based on the number of Membership units (one per Lot). Lots without a completed residential unit are assessed at 25% of the full rate until completion or one year from first transfer. Declarant pays no assessments on its own Lots during Class B membership but must subsidize any budget deficit. Late charges and liens apply for nonpayment.
• What You Own & Maintain: Owners own their Lot and Residential Unit and are responsible for maintenance of the Lot and improvements, subject to Association easements for inspection and emergency. The Association maintains the Common Areas and certain rights-of-way (e.g., portions of Jacaranda Parkway). Lots may be subject to maintenance standards set by the Board.
• Voting & Membership: Each Lot entitles its Owner to one Class A membership (one vote per membership). Declarant holds Class B membership with three votes per membership, which converts to Class A upon certain events (e.g., when Class A votes equal Class B, or after 10 years, or upon Declarant's written notice). Owners may have voting rights suspended for delinquent assessments or rule violations.
• Enforcement & Penalties: The Board may levy fines for Project Document violations, impose late charges (greater of $15 or 10% of unpaid fine), and suspend voting rights. Nonpayment of assessments creates a lien on the Lot and a personal obligation of the owner at the time the assessment became due. The Association may also suspend Common Area use (except street access) for delinquent owners.
• Insurance: The Association is required to maintain property insurance on Common Areas and other insurable interests as described in Article 8. Details on coverage, premium payment, and proceeds allocation are provided, but specific policy limits are not stated in this Declaration.

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.