Estates at Hermosa Ranch

Key facts from Estates at Hermosa Ranch's documents

Community type

Single Family Residential Subdivision (Section 5.1 (page 19): "All Lots within )

Developer / declarant

McDowell Citrus 100, LLC, an Arizona limited liability company (Introductory paragraph (page 5))

Assessments & dues

Not fixed; determined annually by Board. Declarant exempt from paying Annual Assessments during Class B but pays difference between costs and other owners' assessments. (Section 4.3 (page 13))

Special assessments

Requires affirmative vote of Declarant (if Class B exists) and two-thirds of Class A members voting in person or by ballot at a meeting called for that purpose. (Section 4.4 (page 13))

Collections & liens

Unpaid Assessments constitute a lien; may be foreclosed like a realty mortgage. (Section 4.14 (pages 17-18))

Reserves & fees

Board must cause a reserve study every 5 years by independent consultant. (Section 4.2D (page 12-13))

Leasing & rentals

Yes, but subject to restrictions. (Section 5.1(b) (page 19): "Subject to th)

Architectural approval

Yes, Architectural Control Committee must approve Exterior Alterations. (Article 7 (page 31): "Creation of Commit)

Maintenance

Association maintains Common Area and certain rights-of-way; Owners maintain their Lots. Damage from owner negligence is owner's responsibility. (Section 3.1 (page 11))

Insurance

Reasonable deductible, responsibility of Association. (Section 3.2A (page 12))

Use restrictions

Yes, all Lots shall be used for Single Family Residential Use only. (Section 5.1(a) (page 19))

Voting & meetings

Class A: each Lot one vote; Class B: Declarant five votes per Lot (Section 2.4 (pages 10-11))

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