Waterfall Condominium
You own a unit plus a share of the common elements; the association maintains the building and grounds.
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What Waterfall Condominium's governing documents say
Waterfall Condominium is a residential condominium in Chandler, Arizona where you own your individual unit and share ownership of common elements—buildings, pool, recreational areas, parking, landscaping—that the association maintains and insures through per-unit assessments.
- What you own & maintain: You own your unit. The association maintains the shared buildings, pool and restroom facilities, recreational equipment, landscaped areas, parking, walkways, security gates, lighting, and utility infrastructure, and carries master insurance.
- Assessments & fees: Unit owners pay annual Common Expense Assessments (for maintenance, operations, insurance, reserves), Special Assessments (for major costs), Enforcement Assessments (for violations), and water/sewer usage fees billed based on individual consumption.
- Community amenities: The community includes a pool with restroom facilities, tot lot, ramada structures, barbecue grill areas, and landscaped open spaces.
- Modifications & architectural review: Unit modifications require approval through the Architectural Committee by submitting a Modification Approval Request Form; the committee enforces design guidelines.
- Leasing & rentals: The declaration addresses leasing restrictions; specific lease term minimums and rental rules are not clearly legible in this OCR'd excerpt.
- Pets: Pets are permitted as 'generally recognized household pets or animals'; specific restrictions on breed, count, or size are addressed in the document but not clearly legible in this excerpt.
- Parking & vehicles: The community restricts certain vehicle types including commercial vehicles and vehicle repair operations; specific parking rules are not clearly legible in this excerpt.
- Dispute resolution: Disputes between residents and the association follow a formal process: notification to members, mandatory mediation, and binding arbitration if mediation fails, with specific procedures outlined in the declaration.
Key facts from Waterfall Condominium's documents
- Community type
- Condominium (Title and Recital A)
- Legal name
- Waterfall Condominium Association, an Arizona nonprofit corporation (Section 1.11, p. 9)
- Units / lots
- Initially 6 (Units 124, 126, 224, 225, 226, 227); maximum 106 after all phases (Section 2.0 (initial units) and Section )
- Developer / declarant
- Ironwood-Waterfall LLC, an Arizona limited liability company (Recitals, p. 7)
- Governing law
- Arizona Condominium Act, A.R.S. §§33-1201 et seq. (Recitals, p. 7)
- Assessments & dues
- Common Expense Assessment levied equally among Units (fraction 1/6 initially, recalculated as 1/total Units after expansion), plus Water and Sewer Usage Fees billed individually (Sections 2.3, 7.1, 6.6)
- Special assessments
- May be levied by the Board per Section 7.2 (Section 1.80, p. 10)
- Collections & liens
- Assessment Lien granted by A.R.S. §33-1256; Association may record Notice of Assessment Lien and foreclose (Section 1.10, Section 7.5)
- Reserves & fees
- Reserve Account maintained; Reserve Contributions required (Sections 1.73, 7.14)
- Pets
- Permitted Pet defined as generally recognized household pet per Section 1.65 and Section 4.6 (Section 1.65, p. 14; Section 4.6, p. 23)
- Leasing & rentals
- Yes, per Section 4.18 (Section 4.18, p. 35)
- Parking & vehicles
- Garage (part of Unit for parking Family Vehicles); parking areas on Common Elements; restrictions in Section 4.12 (Sections 1.48, 1.43, 4.12)
- Architectural approval
- Yes, Architectural Committee approval required for Modifications (Sections 1.6, 1.7, 4.3)
- Signs & flags
- Regulated: Signs/Flags (Section 4.14) (Section 4.14)
- Maintenance
- Not explicitly stated; roof is part of Common Elements (since structural portions of Buildings are Common Elements per Section 1.23) (Section 1.23 (Common Elements include st)
- Insurance
- Association to obtain property and liability insurance per Article 8; scope in Section 8.0 (Article 8, Section 8.0)
- Use restrictions
- Single Family residential use required (Section 4.0, p. 23)
- Voting & meetings
- One vote per Unit (Section 2.4, p. 13)
- Amendments
- Per Section 12.5; requires vote or written assent of Unit Owners as per Condominium Act (Section 12.5, p. 73)
Collections & enforcement records
Public records show 6 enforcement filings by this association between 2021 and 2025.
*Distinct properties liened, not filings — one home may be liened repeatedly over the years, so this counts the homes affected.
Source: Maricopa County Recorder and Maricopa County Superior Court public indexes.
About this HOA
Waterfall Condominium is a homeowners association in Chandler, AZ.
HOAproxy has 5 documents on file for Waterfall Condominium: 4 amendments and 1 CC&R. Last updated 2026-07-18.
Governing documents
- Document (89 pages) — PDF
- Document (6 pages) — PDF
- Document (2 pages) — PDF
- Document (6 pages) — PDF
- Document (1 page) — PDF