The Courtyards at Diamante Del Lago

What The Courtyards at Diamante Del Lago's governing documents say

This document establishes The Courtyards at Diamante Del Lago Homeowners Association, Inc., a planned residential community in Fountain Hills, AZ. It is a homeowners' association (HOA) for single-family homes on individual lots, but includes provisions for party walls (suggesting some attached units like townhomes). The HOA governs common areas, assessments, architectural controls, and maintenance. All owners are automatically members and subject to these rules.

• Association governance & membership: Each lot owner automatically becomes a member of the HOA with one vote per lot. The Board of Directors initially appointed by the developer; later elected by owners. A two-class voting system exists: Class A (owners) and Class B (developer/builders) with weighted votes until certain conditions are met.
• Assessments & fees: Regular assessments cover common expenses (maintenance, insurance, reserves). The initial maximum annual assessment is stated as a garbled number (likely around $840 per year or $70/month). Annual increases are capped by the greater of 10% or CPI change, unless members approve higher. Special assessments require a two-thirds vote of each class. Unpaid assessments bear 18% interest and become a lien on the lot.
• Architectural control: All improvements are subject to the Master Committee of Architecture (Fountain Hills) and the Association's Architectural Committee. Owners must comply with the Diamante Del Lago Development Guidelines and other incorporated declarations. Any exterior changes require prior approval.
• Maintenance responsibilities: Owners maintain their own lots and improvements. The HOA maintains common areas and landscaping within rights-of-way. If an owner's negligence causes damage to common areas, they must pay for repairs. The HOA can enter a lot to perform needed maintenance at the owner's expense if the owner fails to act.
• Use of common areas: Owners have a non-exclusive easement to use common areas (e.g., streets, open space). The HOA can suspend use rights for unpaid assessments or rule violations (up to 30 days per infraction). The HOA may grant utility easements across common areas.
• Party walls: Where party walls exist (common walls between attached units), owners share repair costs proportionally to use. The Board decides disputes about party wall maintenance. Restoration after damage is shared, but negligent owners bear full cost.
• Insurance: The HOA must carry property and liability insurance on common areas (minimum $1,000,000 liability per occurrence). Owners are responsible for insuring their own dwelling contents, personal property, and additional liability. The HOA's insurance includes a standard mortgagee clause protecting lenders.
• Damage, destruction & condemnation: If common areas are damaged, the HOA typically restores them using insurance proceeds. A two-thirds vote of each membership class and of first mortgagees can decide not to restore. Special assessments fund restoration shortfalls. Owners must restore their own lots after damage within a reasonable time.

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.