47th Place

Key facts from 47th Place's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

U.S. HOME CORPORATION, a Delaware corporation (Preamble, page 1)

Governing law

Title 33, Chapter 4.1 of the Arizona Revised Statutes (Paragraph 1.1)

Assessments & dues

Initially $65.00 per month per unit (for owners other than Declarant); may be increased annually based on CPI formula; further increase by 2/3 vote of owners (Paragraph 7.2, page 18-19)

Special assessments

Allowed for restoration (10.5), for alterations (13), and for purchase of unit (16); secured by lien (Paragraphs 10.5, 13, 16)

Collections & liens

Yes, for unpaid Common Expenses (including interest, costs, attorneys' fees); lien subordinate to first mortgage except for assessments after mortgagee acquires title; foreclosable as real property mortgage/deed of trust (Paragraph 7.2)

Reserves & fees

Association shall maintain a reasonable reserve for replacement of Common Elements and a working capital fund (Paragraph 7, page 16)

Pets

Only tropical fish and small animals not exceeding mature weight of 5 pounds (Paragraph 17, page 34)

Leasing & rentals

Yes, but lease must be in writing, comply with Declaration, Bylaws; must be for entire unit; no transient/hotel purposes; copy to Association before term starts; violation under lease is default (Paragraph 17, page 33)

Parking & vehicles

Three types: Restricted Parking Spaces (assigned to units, exclusive easement), Guest Parking Spaces (common areas), Recreational Vehicle Parking Spaces (rented to owners on space-available basis) (Paragraph 6.1, 6.2, 6.3)

Architectural approval

Yes, for any building, fence, antenna, awning, sign, or other structure; exterior additions/changes (including landscaping changes) require written approval by Board or architectural committee on harmony of external design and location (Paragraph 18)

Home business

Limited: owner may keep personal library and personal business records; no transient or hotel use; no commercial use stated (Paragraph 17, page 33)

Signs & flags

Only a dignified name/address sign; no 'For Sale' signs except a Master sign by Board; no signs on patios/balconies/common elements without Board approval; Declarant exempt until last unit sold (Paragraph 17, page 35)

Maintenance

Association shall repair roof leaks promptly upon written notice, unless caused by willful/negligent act of owner or his invitees (Paragraph 21, page 38)

Insurance

May contain deductible provisions as Association deems consistent with good business practice (Paragraph 9, page 20)

Use restrictions

Yes, 'No part of the Property shall be used other than as a dwelling' (except Declarant's sales offices, model units, signs) (Paragraph 17, page 32)

Voting & meetings

Two classes: Class A (owners, one vote per unit weighted by cubic content), Class B (Declarant, three votes per unit weighted). Class B converts to Class A upon certain conditions. (Paragraph 4.1)

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