Adobe Mountain Estates

What Adobe Mountain Estates's governing documents say

Adobe Mountain Estates is a homeowners association (HOA) in Phoenix, AZ — likely single-family homes or townhomes. This document is a partial amendment to the association's declaration, not the full rulebook. It adds a 20% cap on lots that can be rented at any one time and introduces a capital contribution fee for new owners.

• Leasing & rentals: No more than 20% of lots (72 lots) may be leased at any time. Owners cannot rent if it would exceed that limit; a waiting list will be maintained. Lots without an active tenancy for 3 months are considered unrented. Owner-occupied properties as of the amendment date may continue renting until sold. The board may grant hardship exceptions. Owners must submit a tenant registration form, lease copy, and pay a rental registration fee set by the board; penalties apply for noncompliance.
• Capital contribution fee: Each new owner upon buying a lot must pay a capital contribution fee initially equal to two months of regular assessments. The fee is nonrefundable and goes to the association's capital fund. The board can increase the fee by up to 20% annually; a larger increase requires majority owner approval. If an owner sells and buys another lot within the association within 6 months, they are exempt.
• What this document doesn't cover: This is a second amendment only. It does not address the full set of HOA rules, including architectural guidelines, parking, pets, age restrictions, maintenance responsibilities, or assessment amounts. Refer to the original declaration and bylaws for complete governing rules.

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.