Villaresi

Key facts from Villaresi's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single Family Residential (Section 1.34 - Single Family Residential)

Legal name

Villaresi Owners’ Association (Section 1.06)

Developer / declarant

Legendary Property, L.L.C., an Arizona limited liability company (Opening paragraph)

Assessments & dues

Maximum $3,600 per Lot per year initially (Section 8.03)

Special assessments

Board may levy Special Assessments for capital improvements or unanticipated expenses; aggregate per year cannot exceed 50% of budgeted gross expenses without consent of at least four Owners; also Enforcement Assessments against individual (Section 8.04 (PAGE 27))

Collections & liens

Assessments are a continuing lien on the Lot; personal obligation of owner; may be foreclosed upon after 20 days written notice. (Section 8.01, Section 8.07 (PAGE 25, PAG)

Reserves & fees

Annual budget must include reserve for contingencies and replacements (Section 8.03)

Pets

Reasonable number of dogs, cats, or generally recognized household pets allowed; no commercial breeding; not to be a nuisance; must be kept indoors or within fenced yards; not run loose (Section 3.07)

Leasing & rentals

Only entire Living Units may be rented; guest houses cannot be separately rented; no transient or hotel purposes (Section 3.21)

Parking & vehicles

No mobile homes, boats, trailers, RVs, commercial vehicles etc. visible from street or neighboring property; other vehicles park in garages or paved driveways; max 1 vehicle overnight in driveway; no overnight street parking; Board may adop (Section 3.08 (PAGE 14-15))

Architectural approval

No Improvements constructed, removed, or modified without Committee approval; landscaping plans also require approval (Section 4.01, 4.02)

Solar & roof

Require prior written approval of Committee (Section 3.14)

Home business

Allowed if not detectable from outside, conforms to zoning, no solicitation, consistent with residential character, no employees except family residing in unit; guest house may not be used as office. (Section 3.01 (PAGE 11-12))

Signs & flags

No signs to public view except: required by legal proceedings; max 2 identification signs per unit with total face area ≤84 sq. in.; Builder/Declarant signs during construction/sales; 'Villaresi' signage; other signs approved by Association (Section 3.10)

Setbacks / home size

Maximum 24 feet for any improvement. (Section 3.23 (PAGE 16))

Maintenance

Owner maintains Lot improvements including exterior surfaces, driveways, etc. Association maintains Areas of Association Responsibility (Common Areas, certain perimeter walls, etc.). (Section 3.04, Section 6.01, Section 1.02)

Insurance

Owner must obtain property damage and personal liability insurance on their Lot and Improvements; also must maintain Rural Metro Fire Department fire insurance and emergency service policy (Section 6.02)

Use restrictions

Each Lot improved and used exclusively for Single Family Residential Use; no trade or business except limited home business conditions (Section 3.01)

Voting & meetings

Class B (Declarant and Builder) controls Association until conversion; Class A members have one vote per Lot after termination of Class B membership (Section 7.03)

Amendments

Referenced in Article 15.01 but text not provided in excerpt; Article 15 index mentions Section 15.01 - Amendments (Article 15 index)

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