Las Colinas Condominiums HOA

Key facts from Las Colinas Condominiums HOA's documents

Community type

Condominium as of 2021 (Las Colinas Condominium Owner's Associat)

Legal name

Las Colinas Condominium Association

Units / lots

250 as of 2021 (New Buyer Approval Policy: 'Units 1-250')

Developer / declarant

Conversion Concepts, Inc. as of 2012 (DOC 28262 Section 4.5)

Governing law

Arizona Revised Statutes §33-551 and Arizona Condominium Law as of 2021 (Articles of Incorporation Article III 'a)

Assessments & dues

Board fixes, determines, levies, and collects prorated assessments based on percentage interest in general common elements. Estimated expenses include maintenance, management, taxes, insurance, landscaping, utilities, legal, accounting, res as of 2021 (Bylaws 4.3E)

Collections & liens

Association has power to file liens and foreclose for delinquent assessments. Foreclosure fee of $2,500 assessed to foreclosing entity (effective after Oct 26, 2010). All costs of collection assessed to owner. as of 2012 (DOC 28261 Article III(e), DOC 28262 Sect)

Reserves & fees

Deposit upon transfer (2 months assessment) is deposited to Reserve Account. Also association may create contingency or reserve fund (bylaws 4.3E). as of 2012 (DOC 28259 amendment 4, DOC 28262 Section)

Pets

Domestic pets permitted. Farm/barnyard animals not allowed. Exotic pets require board approval. as of 2012 (DOC 28260 Rules Pets A)

Parking & vehicles

Commercial vans of 1/2 ton or more may not be parked in covered parking spaces. Vehicles over 20 feet in length not permitted to park within Las Colinas. as of 2021 (Rules - Vehicles, Parking, and Storage C)

Use restrictions

Loud noise prohibited; disturbances of the peace reported to police; city ordinance defines noise heard beyond property line as too loud. Fines start $200. as of 2021 (Rules - Noise section)

Voting & meetings

Each unit owner has one vote per unit owned. Members in default of assessments may not vote. as of 2012 (DOC 28261 Article VIII, DOC 28262 Sectio)

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