Palm Fountains Townhomes

Key facts from Palm Fountains Townhomes's documents

Community type

Townhouse Association (Palm Fountains Townhouse Association) (Article 1 Section 1, PAGE 7)

Units / lots

64 (based on lot numbers and assessment ratio) (Legal description (Lots 1-64), PAGE 6; S)

Governing law

Arizona law (implied) (Throughout document)

Assessments & dues

Set by Board after consideration of costs and future needs; not fixed in document (Article 5 Section 3, PAGE 10)

Special assessments

Allowed for capital improvements with assent of 51% of eligible voters voting at meeting (Article 5 Section 4, PAGE 11)

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose; personal obligation of owner at time assessment fell due; lien subordinate to mortgages (Article 5 Sections 1 and 10, PAGE 10,12)

Reserves & fees

Reserve Contribution of $250 per unit segregated into Capital Reserve Fund (Article 5 Section 5, PAGE 11)

Pets

Yes, limited to Permitted Pets: dogs, cats, fish, or small birds commonly kept as household pets (Article 10 Section 2, PAGE 13-14)

Parking & vehicles

Each townhouse entitled to use no more than 2 auto parking spaces and one storage space; permanently assigned by Association; spaces are Common Area (Article 4 Section 4, PAGE 10)

Home business

Businesses that do not cause foot traffic are allowed; otherwise prohibited (Article 10 Section 1, PAGE 13)

Signs & flags

One 'for rent' or 'for sale' sign up to 5 square feet per parcel allowed; no advertising signs otherwise (Article 10 Section 3, PAGE 14)

Use restrictions

Premises restricted to residential dwellings for residential use (Article 10 Section 1, PAGE 13)

Voting & meetings

One vote per townhouse; multiple owners share one vote (Article 2 Section 3, PAGE 8)

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