Hammond Residences

Key facts from Hammond Residences's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

GOYA, LLC, an Arizona limited liability company (Preamble)

Governing law

Arizona Revised Statutes (Section 1.27, 7.11 (A.R.S. § 33-741, 33-)

Assessments & dues

Board prepares budget and levies Regular Assessment equally per Assessable Lot; may amend budget and increase during period if needed (Section 7.2)

Special assessments

Any Special Assessment exceeding $5,000 per lot requires 2/3 vote of Members; also requires Declarant approval while Declarant owns any lot (Section 7.3)

Collections & liens

Assessment Lien automatically created; priority after first mortgage/taxes; Association may record Notice of Lien after demand and 10 days; may foreclose (Sections 7.1, 7.7)

Reserves & fees

Board shall establish reserves for periodic maintenance, repair, replacement; funded from assessments, capital contributions; reserve study every 5 years (Section 7.13)

Voting & meetings

Two classes: Class A (owners except Declarant) 1 vote per lot; Class B (Declarant) 10 votes per lot until termination of Declarant Control Period (Section 6.7)

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