Villa Del Coronado

Key facts from Villa Del Coronado's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals refer to 'apartment' and 'Plat')

Collections & liens

Each owner's share of assessments is a lien; if delinquent over 3 months, Board may foreclose as realty mortgage, plus interest at prime rate, costs, attorneys' fees (Article VI Section 5(a) page 11-12)

Reserves & fees

Board may deposit surplus funds into FDIC-insured savings and use earnings (Article VI Section 5(o) page 13)

Leasing & rentals

Yes, with prior written consent of Board; landlord must ensure tenant adheres to policies; consent valid for not more than one year, renewable; no subleasing (Article I Section 2(a) page 5-6)

Signs & flags

No sign displayed in common area; real estate signs only on grass strip at corners of Third St. and Coronado Rd. and Alvarado Rd. and Coronado Rd. (Article III Section 2 page 7)

Use restrictions

Each apartment shall be occupied and used by respective owners and their immediate families and guests as a private residence and for no other purpose (Article I Section 1 page 5)

Amendments

By affirmative vote of either 14 quads or three-fourths of owners; amendment effective when approved and recorded in Maricopa County Recorder office (Article X page 15)

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