Michigan Estates

Key facts from Michigan Estates's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Michigan Estates

Developer / declarant

Hancock Companies, LLC, an Arizona limited liability company (First paragraph of Declaration)

Governing law

Arizona Revised Statutes (References to A.R.S. throughout (e.g., S)

Assessments & dues

Board prepares budget at least 30 days before Assessment Period; Regular Assessment = budget divided by total number of Lots (including estimated Annexable lots). (Section 5.2)

Special assessments

May be levied for construction, reconstruction, repair, replacement of Common Area improvements, or unbudgeted expenses. After Declarant Control Period, requires approval of Members holding at least 2/3 of votes entitled to be cast at a mee (Section 5.3)

Collections & liens

Association has a lien on each Lot for Assessments, late charges, collection fees, attorney fees. Lien may be foreclosed like a mortgage. Priority: after real estate taxes and first mortgage. First Mortgagee takes free of unpaid assessments (Section 5.8(b), (c))

Reserves & fees

Board shall establish reserves for future periodic maintenance, repair, replacement of major components of Areas of Association Responsibility. Reserve study required at least once every five years. Reserve funds must be deposited in separa (Section 5.13)

Pets

Yes, reasonable number of dogs, cats, small birds or animals commonly accepted as household pets; not for commercial purposes. Board determines reasonableness. (Section 7.3(a))

Leasing & rentals

Yes, but only entire Lot and Residence; lease must be in writing and provide that terms are subject to Community Documents. (Section 7.9)

Fences

Boundary walls between Lots: shared use, 50/50 maintenance cost, require adjoining Owner's written consent for modification. Walls on boundary with Common Area or public right-of-way: Owner maintains except Association maintains surface fac (Sections 6.5 and 6.6)

Architectural approval

Any Modification (addition, alteration, repair, change affecting exterior appearance) requires approval; also any Improvements on Areas of Association Responsibility require Board approval. (Section 6.1 (for Common Area improvement)

Solar & roof

Association may adopt reasonable rules regarding placement of solar energy panel on roof or elsewhere, provided they do not prevent installation, impair functioning, restrict use, or adversely affect cost or efficiency. (Section 7.7)

Home business

Allowed within Residence if: not apparent outside, legal, no customer visits, no door-to-door solicitation, compatible with residential character, conducted only inside, no employees non-resident, no excess traffic, no hazardous materials, (Section 7.1)

Use restrictions

All Lots shall be used, improved, and devoted exclusively to residential use. (Section 7.1)

Voting & meetings

Class A: one vote per Lot owned (excluding Declarant and Michigan Ave. & 19th Street, LLC). Class B: three votes per Lot owned by Declarant and Michigan Ave. & 19th Street, LLC. (Section 4.4)

Amendments

Not fully specified in these excerpts; Supplemental Declarations may be amended by instrument executed by Owners of at least 2/3 of votes in Association, Association, and Declarant (if still owning). (Section 2.3(b))

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