Loma Verde

Key facts from Loma Verde's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.4 (Loma Verde Homeowners Assoc)

Units / lots

22 (Lots 1 through 22) plus Tracts A through F (Legal Description Parcel 1)

Governing law

Arizona Revised Statutes §33-801 et seq. (trustee provisions referenced) (Section 1.17)

Assessments & dues

Board may increase annually by CPI or 10% whichever greater without vote; larger increase requires 2/3 vote of each class (Section 6.3(b), (c))

Special assessments

Yes, for capital improvements, with notice and quorum requirements (Section 6.5)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose like a mortgage; lien subordinate to first mortgage (Sections 6.11, 6.12)

Reserves & fees

Yes, amount set by Board, payable by any purchaser other than Declarant or Builder upon acquisition (Section 6.10)

Pets

Yes, only generally recognized house or yard pets, kept as domestic pets not for commercial purposes (Section 7.3)

Leasing & rentals

Yes, leasing to a Single Family permitted (Section 7.2)

Parking & vehicles

Prohibited overnight (Section 7.25)

Architectural approval

Yes, for any Improvement visible from neighboring property or altering exterior appearance (including landscaping, satellite dishes, roof equipment, paint, etc.) (Sections 3.5, 7.7)

Home business

Prohibited (no gainful occupation on any Lot) (Section 7.2)

Use restrictions

All Lots used exclusively for Single Family Residential use; no gainful occupation, profession, trade or other nonresidential use (Section 7.2)

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