Tennis Ranch on Camelback

What Tennis Ranch on Camelback's governing documents say

Tennis Ranch on Camelback is a condominium community in Paradise Valley, AZ, originally created as a resort Horizontal Property Regime under Arizona law. The 41 units are leasehold interests (not fee simple) and are subject to a mandatory Resort Operation Agreement: owners have limited personal use (max 30 days per season) and must make their units available for rental through an on-site operator, who manages bookings, maintenance, and shares revenue. The association owns and maintains the common elements, funded by assessments on unit owners.

• What you own & maintain: You own the interior finished surfaces of your unit (a 'casita'); the association owns and maintains all common elements (land, grounds, shared amenities). Unit boundaries are interior finished surfaces of ceilings, floors, and exterior perimeter walls.
• Mandatory resort rental program: All units must participate in the Resort Operation Agreement. The operator has the right to rent your unit to club members when you are not using it. You get prior right to occupy your unit for up to 30 days between October 1 and April 1, and up to an additional 30 days the rest of the year, with 60 days' notice. Occupancy beyond that is charged at standard rental rates.
• Revenue sharing & expenses: Gross rental revenue (minus sales tax) is split: first 7.5% goes to operator as operating/maintenance allowance; the balance is split 40% to the unit owner, 60% to operator. Owners pay real property taxes, their own maintenance (except interior maintenance done by operator), and assessed fees for insurance, utilities, and common area maintenance.
• Use restrictions: Units and common areas must be used only for resort/recreational purposes. No signs displayed to public view. Nothing may obstruct common areas or be stored there. No activities that increase insurance rates, violate laws, or create nuisances. No alterations or construction in common areas without approval.
• Pets: Dogs, cats, or other household pets may be kept in units; no livestock, poultry, or breeding of animals.
• Assessments & voting: The board levies assessments for common expenses (insurance, utilities, maintenance, security). Each unit gets one vote. A majority of total votes constitutes a quorum; actions require majority vote unless otherwise specified. Amendments require 75% of total vote.
• Insurance & damage: The association carries master insurance on the common elements. Damage to a single unit is repaired with that unit's insurance proceeds. Damage to multiple units or common areas triggers a process: if under $10,000 and repair cost within $10,000 of proceeds, board contracts repair; otherwise, owners may vote to rebuild (66-2/3% to reject all bids) or sell the project. Proceeds distributed proportionally to owners.
• Resale restrictions: Before selling your unit, you must offer it first to the operator at the same terms (15-day right of first refusal). This does not apply to foreclosure sales by a mortgagee.

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.