Homestead South

Key facts from Homestead South's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Homestead South

Units / lots

Not explicitly stated in provided text; initial Parcel described on Exhibit A (not included). Later annexations add lots. (Exhibit A not in text; annexations add 8)

Developer / declarant

SLV HOMESTEAD, L.L.C., a Delaware limited liability company (Page 1, Declaration)

Governing law

Arizona nonprofit corporation law (Section 3.1: 'The Association shall be a)

Assessments & dues

Maximum $830 per Lot until December 31, 2015; thereafter automatic increase by greater of 10% or CPI (Section 5.3.8(a): 'Until December 31, 20)

Special assessments

May be levied with assent of 2/3 of votes cast at a meeting; uniform rate for all Lots (Section 5.4: 'any such special Assessmen)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair and replacement of Improvements to Common Area (Section 5.12: 'the Association shall est)

Pets

No specific pet provision found in provided text. Section 6.4 prohibits noxious/offensive activity, but no explicit pet rules. Omitted. (Not addressed.)

Leasing & rentals

Yes, with conditions: must be in writing, for entire Residential Unit and Lot, minimum term of 30 days, copy of lease to Association, lease must obligate tenant to comply with Project Documents (Section 6.1.3: 'Nothing in this Section )

Parking & vehicles

Limited, short-term on-street parking permitted only for: (1) loading/unloading non-commercial items; (2) temporary guest visits without overnight parking; (3) temporary parking for special events not overnight or frequent (Section 6.6: 'Limited, short-term parkin)

Fences

Not explicitly addressed in provided text. (Not found.)

Architectural approval

Implied for structures, signs, home businesses, etc. No explicit timeline found in excerpt (See above; also Section 6.2: 'Unless oth)

Home business

Permitted if not detectable from outside, conforms to zoning, no customer visits, consistent with residential character (Section 6.1.1: 'Those business activitie)

Signs & flags

Only permitted: (1) Declarant/Builder sales signs; (2) one temporary for-sale/for-rent sign not exceeding 18x24 inches and one rider 6x24 inches; (3) signs required by law; (4) one residential identification sign not exceeding 9x30 inches; (Section 6.3: 'No signs shall be displaye)

Maintenance

Association responsible for Common Area and Areas of Association Responsibility; owners responsible for their Lots and Residential Units except as otherwise provided. No explicit list in excerpt. (Section 5.2: 'upkeep, maintenance and im)

Use restrictions

All Lots shall be improved and used only for Single Family Residential Use (Section 6.1: 'all Lots shall be improved)

Voting & meetings

Two classes: Class A (Owners) with 1 vote per Lot; Class B (Declarant and Builders) with 9 votes per Lot until conversion (Section 4.3: 'Class A Members...each...e)

Amendments

For Supplemental Declarations: amendment requires (i) Owners of at least 67% of votes in that Supplemental Declaration area, (ii) Association, and (iii) Declarant if owns property in Project; for main Declaration: not fully provided in exce (Section 2.2: 'a Supplemental Declaration)

Amenities

Not described in provided text; Common Area includes property on Exhibit C (not provided). (Section 1.16: 'Initially the Common Area)

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