Leisure World - Verde Del Sur

Key facts from Leisure World - Verde Del Sur's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision HOA (Leisure World - Verde Del Sur, a subdivision, part of Leisure World adult community) (Recitals and Article I definition of Pro)

Legal name

Leisure World Community Association (Opening paragraph: 'by Leisure World Com)

Developer / declarant

Western Savings and Loan Association, an Arizona corporation (Original Declaration, opening paragraph)

Age restriction

At least one resident of each Unit must be at least 55 years of age; no person under 45 may reside in a Unit (First Amendment, Section 1; replacing or)

Collections & liens

Unpaid assessments become a lien upon recordation of notice; may be foreclosed like a real property mortgage without right of redemption (Article VII, Section 2)

Reserves & fees

Association shall set up reserves with respect to management and operation of the Project (Article VI, Section 1(f))

Pets

No animals raised, bred or kept except dogs, cats or other household pets, subject to Association approval, not for commercial purpose (Article II, Section 4)

Leasing & rentals

Sale, lease or other transfer subject to uniform standards; Association has right of first refusal for sales, but not for leases? (Right of First Refusal applies to transfers of title; lease not explicitly excluded but appears to apply to t (Article II, Section 10; Article XIV)

Fences

Fences require Architectural Control Committee approval (Article VIII, Section 1(a) and (b))

Architectural approval

Architectural Control Committee approval required for any installation, construction, alteration, etc. (except maintenance and repair); plans and specifications must be submitted (Article VIII, Section 1)

Home business

No religious, professional, commercial or industrial operations on any Lot except as permitted by Board or temporary by Declarant (Article II, Section 7)

Signs & flags

No sign of any kind displayed to public view without Association approval; except Declarant's signs during development (Article II, Section 3)

Use restrictions

Each Lot shall be used for a single private permanent residential dwelling only; no other purpose except temporary uses by Declarant (Article II, Section 1)

Voting & meetings

Each Owner of a Lot is a member and entitled to voting rights per Articles of Incorporation and Bylaws; amendments require vote or written consent of at least 3/4 of Record Owners including 51% of non-Declarant (Article III and Article XI, Section 1)

Amendments

Requires vote or written consent of at least three-fourths (3/4ths) of Record Owners in the Project, including at least 51% of such Record Owners other than the Declarant (Recital B: 'Article XI of the Declaratio)

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