New River Shores

Key facts from New River Shores's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

detached, single-family residential community (WHEREAS: "develop the Property into a de)

Developer / declarant

Richmond American Homes of Arizona, Inc., a Delaware corporation (Preamble)

Governing law

Arizona Revised Statutes, Section 33-801 et seq. (referenced in definition of Owner) (Article I, Definition Y)

Assessments & dues

Maximum Annual Assessment initially $420 per Membership until January 1 following recording; thereafter Board may increase by up to 10% or CPI-U increase without member vote. (Article VII, Section 4(a) and (b))

Special assessments

Allowed for capital improvements or extraordinary expenses with assent of 2/3 of votes of each class of Members present or proxy at meeting. (Article VII, Section 5)

Collections & liens

Assessment Lien for unpaid assessments, interest, costs, attorney's fees. Subordinate to first mortgages/deeds of trust. Foreclosure per Arizona law on realty mortgages. (Article VIII, Sections 2 and 3)

Reserves & fees

Board may establish replacement and maintenance reserves; surplus may be carried forward. (Article VII, Section 2; Article IX, Sect)

Pets

Yes, generally recognized house or yard pets in reasonable numbers, kept as domestic pets, not for commercial purposes. (Article III, Section 2(b))

Leasing & rentals

Only the entirety of a Lot with improvements may be rented, and only for single family residential purposes. (Article III, Section 2(n))

Parking & vehicles

Vehicles to be kept in garages, carports, residential driveways, or other designated areas. No parking of inoperable vehicles. Parking must not be visible from neighboring property, Common Areas, or streets for certain vehicles. (Article III, Section 2(u), (s), (t))

Fences

Fences require prior written approval from Architectural Committee. Party fences between Common Areas and Lots maintained by Association. Owner paints portion facing his Lot. (Article III, Section 2(a) and (p)(6))

Architectural approval

Yes, prior written approval required for any improvement, alteration, repair, excavation, grading, landscaping, or other work altering exterior appearance. Also for buildings, fences, walls, color changes. (Article III, Section 2(a))

Home business

No gainful occupation, profession, trade or other nonresidential use except keeping a home office for private use. (Article III, Section 2(z))

Signs & flags

No signs visible from neighboring property except: (1) required by legal proceedings; (2) two residence identification signs each ≤72 sq. in.; (3) signs approved in writing by Architectural Committee (including for-sale/lease); (4) promotio (Article III, Section 2(m))

Maintenance

Association maintains Common Areas, landscaping on Common Areas, and public right-of-way areas designated for general benefit. Owner maintains Lot, including landscaping on public right-of-way areas abutting Lot, unless Association assumes (Article X, Section 1; Article III, Secti)

Insurance

Association shall maintain insurance against liability for death/injury or property damage on Common Areas. (Article IX, Section 5)

Use restrictions

All Lots shall be used, improved, and devoted exclusively to single family residential use. (Article III, Section 2(z))

Voting & meetings

Two classes: Class A (each Lot owner, one vote per Lot) and Class B (Declarant, three votes per Lot owned). Cumulative voting allowed for Board elections. (Article VI, Sections 3 and 5)

Amenities

Common Areas may include recreational facilities; Association may charge admission fees for use of facilities. (Article III, Section 1(a); Article IX, S)

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