Monterosa I

Key facts from Monterosa I's documents

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

Community type

HOA (homeowners association) (Section 1.7 (Association definition), Se)

Legal name

MONTEROSA I HOMEOWNERS ASSOCIATION (Section 1.7 (definition) and caption hea)

Developer / declarant

K. Hovnanian Companies of Arizona, LLC (Opening paragraph and Section 1.15)

Assessments & dues

Prior to fiscal year ending December 31, 2015: $1,188.00 per Lot per year, payable in monthly installments of $99.00 (Section 6.3.1)

Special assessments

May be levied for capital improvements or other valid Association purpose; requires approval of at least 2/3 of votes of each class of Members present at a meeting (Section 6.4)

Collections & liens

All Assessments are a continuing lien on the Lot; Association may record notice of lien and foreclose like a mortgage; lien subordinate to first mortgage, property tax liens, and governmental assessments. Recording this Declaration perfects (Sections 6.1, 6.10.2, 6.11)

Reserves & fees

Each Owner (except Declarant) pays at purchase: Reserve Fund Contribution equal to 1/6 of Annual Assessment; non-refundable; used for reserve fund for repairs, replacement, capital improvements; not used until after period of Declarant cont (Section 6.9)

Pets

Presumably allowed per Section 8.1.14 (Animals), but specific rules not in provided text. (Table of Contents (Section 8.1.14))

Leasing & rentals

Leasing of Lot with improvements to single family is permitted per Section 8.1.1; Section 8.1.29 (Leases and Non-Owner Occupant) listed in Table of Contents but not provided. (Sections 8.1.1, Table of Contents 8.1.29)

Parking & vehicles

Presumably governed by Section 8.1.23, but text not provided. (Table of Contents (Section 8.1.23))

Fences

Not detailed in provided text; Section 8.1.21 (Party Walls and Fences) listed but text not provided. (Table of Contents)

Architectural approval

If Board does not provide written response within 60 days of complete submittal (including all costs), request deemed approved. (Section 7.8)

Home business

Permitted in Dwelling Unit if: not apparent from outside, legal, no customer visits, no destruction of residential character, conducted only inside, by Resident, ≤20% of floor area, not off-site storage, no hazardous materials in non-reside (Section 8.1.2)

Signs & flags

Section 8.1.12 listed; specific rules not in provided text. (Table of Contents)

Use restrictions

All Lots shall be used exclusively for single-family residential purposes; no gainful occupation except as allowed for home business (Section 8.1.1)

Voting & meetings

Two classes: Class A (all Owners except Declarant, one vote per Lot); Class B (Declarant, three votes per Lot owned, converts to Class A on Transition Date) (Section 5.2.1, 5.2.2)

Amendments

Not fully in provided text; Table of Contents includes Section 10.5 (Amendments) and 10.18 (Amendments affecting Declarant rights). (Table of Contents, Sections 10.5, 10.18)

Amenities

Common Area may include recreational facilities; specific amenities not listed in provided text. (Sections 1.12, 3.1.1, 4.5, 6.4)

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