Legendary Estates Homeowners' Association

Key facts from Legendary Estates Homeowners' Association's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.01 defines Association as Lege)

Developer / declarant

Legendary Homes, Inc., an Arizona corporation (Opening paragraph)

Governing law

Arizona Revised Statutes (reference to ARS § 33-801 et seq. in definition of Owner) (Section 1.11)

Assessments & dues

Maximum $1,200.00 per lot in the year of close of escrow on the sale of the first lot. (Section 4.03)

Special assessments

Board may levy special assessments for capital improvements, unanticipated expenses, or individual lot compliance. Aggregate special assessments may not exceed 25% of budgeted gross expenses without 67% vote of members present at a meeting (Section 4.04)

Collections & liens

Unpaid assessments become a continuing lien on the lot and may be foreclosed by sale in accordance with Arizona Revised Statutes or other legal remedies. The lien is prior and superior except to taxes and properly recorded mortgages. Associ (Sections 4.01, 4.07)

Reserves & fees

Annual assessments shall include an adequate reserve fund for taxes, insurance, maintenance, repairs and replacement of the Common Areas and the Easement Area. (Section 4.02)

Pets

A reasonable number of generally recognized house or yard pets allowed; no animals, birds, fowl, poultry, or livestock except such pets. (Section 2.02)

Leasing & rentals

Leasing of an entire Lot to a Single Family is permitted; a portion of a Lot may not be leased. (Section 2.01)

Parking & vehicles

All vehicles owned by Owner shall be parked only in its garage. Guest vehicles may park in driveway or on streets for up to 24 consecutive hours without Board approval. (Section 2.07)

Fences

Interior walls: masonry construction, 6 feet in height. Costs of interior common walls shared equally by owners separated by the wall, unless one owner desires distinctive treatment. Perimeter wall along Mockingbird and Northern Roads: Lot (Section 2.18(h) and Schedule 2, Section )

Architectural approval

Prior to any construction, alteration, repair, change of any Improvement (except interior) or material landscaping change, Owner must submit plans to the Architectural and Landscaping Control Committee and obtain a written Certificate of Ap (Section 2.05)

Signs & flags

No signs visible from Neighboring Property except: (a) required by legal proceedings; (b) residential identification numbers placed by Committee; (c) one construction sign max 36x36 inches; (d) one For Sale or Rent sign max 36x36 inches, me (Section 2.17)

Setbacks / home size

Front, rear, left and right side yard setbacks shall conform with the Code of the Town of Paradise Valley. (Section 2.21)

Use restrictions

No Lot shall be used, improved or devoted other than exclusively for Single Family residential use. (Section 2.01)

Voting & meetings

Class A (each Owner one vote per lot) and Class B (Declarant five votes per lot owned). While Class B exists, Class A members cannot exercise voting rights. (Article V)

Amendments

May be amended by recording an instrument signed by (a) Declarant, and (b) when Declarant owns no lots, by Owners representing not less than 51% of the lots. Amendment effective upon recordation. No amendment valid as to an institutional le (Section 8.05)

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