Rancho Verde Del Rio

Key facts from Rancho Verde Del Rio's documents

Community type

Condominium (commercial)

Units / lots

12 (Units 101 through 112) (Section 2.0, Exhibit A)

Developer / declarant

Carefree Ventures LLC

Governing law

Arizona Condominium Act, A.R.S. 33-1201 et seq. (Section 1.0)

Assessments & dues

Set by Board based on budget; maximum 110% of previous year's assessment (subject to limitations). (Section 7.1(A),(B))

Special assessments

Requires approval of 67% of Unit Owners (and Declarant during Declarant Control). For capital improvements or other lawful purpose. (Section 7.2)

Collections & liens

Assessment Lien secures assessments, late fees, attorneys fees. Recording of declaration constitutes record notice; no further recordation required. Association may record a notice of delinquent assessment. Association may bring suit withou (Section 7.3(B),(D))

Reserves & fees

Budget must include an adequate allocation to reserves. (Section 7.0(A)(iv))

Pets

Household pets permitted subject to Town of Cave Creek regulations. No fowl, poultry, or livestock. (Section 4.7)

Leasing & rentals

Yes, Units may be leased. (Section 4.18)

Parking & vehicles

Parking only within a Unit or designated spaces. Parking spaces may be Limited Common Elements allocated to specific Units. Board may adopt Parking Rules. (Section 4.10, Section 2.5(C))

Fences

Not specifically; would be subject to Architectural Committee approval as Exterior Alteration. (Section 4.0(C),(D))

Architectural approval

Yes, for all Exterior Alterations, improvements, excavation, grading, construction, and structural alterations. Nonstructural interior alterations do not require approval. (Section 4.0(A)-(C), Section 4.4, Section)

Solar & roof

Not specifically addressed; Association Rules may include solar energy devices (Section 6.1 list). Any installation would require ARC approval as Exterior Alteration. (Section 6.1, Section 4.0)

Home business

Permitted under conditions: not apparent by sight/sound/smell from outside, conforms to zoning, consistent with residential character, not hazardous or offensive. No hazardous substances storage. (Section 4.1)

Signs & flags

No signs on exterior of Unit/Building/Common Elements without prior Board approval, and must comply with Town of Cave Creek sign ordinance. Declarant allowed advertising signs during sales period (Section 3.3). (Section 4.13, Section 3.3(A))

Setbacks / home size

Not explicitly stated; Plat may show boundaries.

Maintenance

Not explicitly stated; likely part of Common Elements? The declaration says Association maintains Common Elements. Since boundaries are horizontal/vertical, roofs may be common elements. Not specified. (Section 2.1, Section 5.0)

Insurance

Not detailed in extracted text; Article 8 deals with insurance but only section titles appear (8.0 Scope of Coverage, 8.1 Payment of Premiums, etc.). No specific coverages listed. (Article 8 table of contents)

Use restrictions

All Units shall be used exclusively for residential use by a Single Family. Business allowed only if not apparent from outside, conforms to zoning, consistent with residential character, and not a nuisance. (Section 4.1)

Voting & meetings

One vote per Unit, equal allocation. (Section 2.4(A))

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