Oakwood Clubhouse Area

What Oakwood Clubhouse Area's governing documents say

This is an amendment to a Tract Declaration for a specific area (Oakwood Clubhouse Area) within the Sun Lakes community in Phoenix, AZ. It primarily modifies how parking lot maintenance costs and insurance are shared between the homeowners association and the developer/parcel owners, and adds a binding arbitration clause for disputes. It is not the full set of community rules — it only updates a few specific provisions.

• Insurance requirements: The Association must carry general liability insurance of at least $1,000,000 for the HOA parcels; the Developer/Owner of Developer Parcels must also carry insurance of at least $1,000,000 for their parcels. Each party must name the other as an additional insured and provide 30 days' notice of cancellation.
• Parking lot maintenance & cost sharing: The Association cannot redesign or rearrange the parking areas without written consent from the Declarant and Developer Parcel Owner. Maintenance and repair costs for the parking lots are allocated: the Developer Parcels pay 20% based on parking space count (unless agreed otherwise), and the Association pays the remaining 80%. Reimbursement requests must be in writing, with a 15-day inspection right and 30-day payment deadline (or later if records inspected). Late payments accrue 10% annual interest.
• Dispute resolution: Disputes between the Association and a Developer Parcel Owner arising under this Tract Declaration must be resolved by binding arbitration in Maricopa County under AAA rules. The arbitrator is selected by mutual agreement or appointed by AAA, and the prevailing party can recover attorneys' fees and costs.
• What this document doesn't cover: This amendment does not contain the full governing rules for Oakwood Clubhouse Area — it only modifies insurance, parking cost sharing, and adds an arbitration clause. It does not address pet restrictions, leasing rules, age restrictions, architectural controls, assessments, or other typical HOA topics. Those would be in the original Tract Declaration or other governing documents.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.