Cornerstone Highlands Homeowners Association

Key facts from Cornerstone Highlands Homeowners Association's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Section 1.4 (Association defined as Corn)

Units / lots

302 (Exhibit A (Lots 1 through 302, inclusive)

Developer / declarant

Fulton Homes Corporation, an Arizona corporation (first page (preamble))

Governing law

Arizona Revised Statutes (reference in Section 1.17 to A.R.S. 33-801 et seq.) (Section 1.17)

Assessments & dues

Initial maximum annual assessment is $420 per Lot until January 1 of the year following first conveyance to a Purchaser. (Section 6.3(a))

Special assessments

Special assessments for capital improvements or other lawful purposes require 2/3 vote of members. (Section 6.5)

Collections & liens

Delinquent assessments become a continuing lien on the Lot; Association may record Notice of Claim of Lien and foreclose like a realty mortgage. Lien is subordinate to first mortgages. (Section 6.11, 6.12)

Reserves & fees

Each person or entity (other than Declarant or Builder) purchasing a Lot from a non-Declarant/non-Builder pays a transfer fee set by the Board. (Section 6.10)

Pets

Yes, generally recognized house or yard pets, kept as domestic pets only, not for commercial purposes. (Section 7.3)

Leasing & rentals

Yes, subject to all Project Documents. Owner must promptly notify Association of lease term and lessee name. (Section 7.2)

Parking & vehicles

No inoperable vehicle (including flat tires) may be stored or parked visible from neighboring property, common areas, or streets. (Section 7.24)

Fences

Fences, hedges, and walls require ARC approval. (Section 7.17)

Architectural approval

Prior written approval of Architectural Committee required for any improvements, alterations, landscaping, exterior paint, fences, walls, planting, antennas, satellite dishes, roof-mounted equipment, and any change in exterior appearance. (Section 3.1, 7.4, 7.5, 7.7, 7.17, 7.29)

Solar & roof

Roof mounted equipment (including solar collectors) requires ARC approval. (Section 7.5)

Home business

Prohibited (no gainful occupation may be conducted on any Lot). (Section 7.2)

Signs & flags

No signs of any kind (commercial, advertising, political, etc.) except as required by legal proceedings or 'For Sale'/'For Lease' signs approved by Board. Declarant's sales signs are exempt. (Section 7.15, 7.16)

Maintenance

Association maintains Common Area and certain adjacent areas. Owner maintains Lot and Improvements except those maintained by Association. (Section 10.1, 10.2, 10.3)

Insurance

Association must maintain liability, directors and officers, property, fidelity, and other coverage deemed necessary. (Section 12.1)

Use restrictions

All Lots shall be used exclusively for Single Family Residential use. No gainful occupation, profession, trade or other nonresidential use permitted. (Section 7.2)

Voting & meetings

Class A: one vote per Lot for Owners other than Declarant. Class B: Declarant gets three votes per membership. Class B ceases when: (a) Class A votes exceed Class B, (b) Declarant relinquishes in writing, or (c) January 1, 2010. (Section 5.1)

Amendments

First 20 years: amendment requires instrument signed by Owners of at least 90% of Lots. After 20 years: 75% of Lots. Board may amend to conform to government agency requirements without Owner consent. (Section 13.4, 13.5)

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