Camelback Residence Club Condominium

What Camelback Residence Club Condominium's governing documents say

Camelback Residence Club Condominium is a fractional ownership (timeshare) condo in Paradise Valley, AZ — you buy a Club Interest giving you the right to reserve two fixed weeks and one floating week per year in a luxury unit. It is governed by this Declaration and the Arizona Condominium Act and Timeshare Act. This is not a full-time residence; it's a vacation club.

• What you own & use: Each Club Interest grants an undivided 3/52nd ownership in a specific unit, plus rights to reserve 2 fixed weeks and 1 floating week each year. The association maintains the unit interior and furnishings. Members may use a reservation system; floating weeks are first-come, first-served.
• Reservations & exchange: Fixed weeks are specified in your deed; floating weeks are reserved through an open reservation period starting September 1 prior to the use year. The club may be affiliated with Starwood Residence Network (SRN) for exchanges. Reservation procedures can be changed by SRN or the board.
• Fees & assessments: Club Members pay annual Club Charges covering maintenance, insurance, utilities, taxes, and reserves. A developer guaranty capped certain amounts through 2008 (e.g., $7,806–$12,956 per interest). Delinquent members may be locked out and their week rented by the association. Late fees and 18% interest apply.
• Restrictions & use rules: Club Interests cannot be partitioned or subdivided. Leases of a Club Interest are not discussed; the document focuses on personal use and exchange. Pets, age, and occupancy are not detailed here (may be in separate rules). No more than 3 persons allowed per bedroom per sleeping capacity.

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.