Ranchi Villas

What Ranchi Villas's governing documents say

Rancho Villas Unit One is a condominium community in Mesa, AZ — you own a unit (apartment and covered parking) plus a 1/40 undivided interest in the common elements (land, roofs, walkways, etc.), with the association maintaining common areas and carrying master insurance, funded by annual assessments paid monthly.

• What you own & maintain: You own your unit's interior (including fixtures, appliances, interior surfaces) and the air conditioning/heating unit on the roof. You are responsible for maintenance, repair, and replacement of those items, plus termite control. The association maintains all common elements: exterior surfaces, perimeter/load-bearing walls (excluding interior surfaces), roofs, foundations, utility lines serving multiple units, and more.
• Leasing & rentals: An entire condominium may be rented, but must be occupied only by the lessee's family, servants, and guests, subject to all other use restrictions. No minimum lease term is stated in this document.
• Use restrictions: Each unit may be occupied only by a single family as a residence; no business, immoral/offensive/unlawful uses, or nuisances are allowed. No advertising signs except one small 'for rent' or 'for sale' sign per unit. No fences or walls except those installed by the declarant or association, though owners may landscape within their entranceway or enclosed patio.
• Assessments & fees: Annual assessments are set by the association and paid in monthly installments. The association may increase assessments during the year if needed. Unpaid assessments bear interest at the highest legal rate after a 15-day grace period, and the association has a lien on your unit for unpaid amounts.
• Insurance: The association carries master property insurance on all buildings and common elements (replacement cost, fire, extended coverage, etc.) and public liability insurance. Each owner can insure personal property and personal liability at their own expense. Insurance proceeds are held by an insurance trustee for reconstruction or repair after a casualty.
• Alterations & approvals: Non-structural alterations inside your unit do not require approval, but you must not impair structural soundness or affect other units. Any changes to common elements require prior written approval of 75% of owners. Painting or changing exterior appearance or making structural changes requires association approval.
• Voting & governance: Each unit owner has one vote per unit owned. The association (Rancho Villas Association) is the council of co-owners, and its board and bylaws govern. Amendments to the declaration require 75% of owners, with special protections for mortgagees on insurance, reconstruction, and amendment sections.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.