Olive Place

Key facts from Olive Place's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners' Association (Article I(d), page 3: 'Association will )

Legal name

Olive Place Homeowners’ Association, an Arizona nonprofit corporation (Article I(d))

Developer / declarant

Brown Family Communities, an Arizona limited partnership (Recitals paragraph A? Actually signature)

Governing law

Arizona Revised Statutes (sections 33-741 through 33-749, 33-801 through 33-821, etc.) (Article I(s), page 4: references to ARS )

Assessments & dues

Maximum $10.00 per month per Lot until first conveyance after Commencement Date; then Board may set annual assessment up to 10% increase per year without vote (Article VI, Section 3(a) and (b), pages )

Special assessments

Allowed for lot maintenance or to cure violations; also for capital improvements as mentioned in Section 1 (Article VI, Section 6, page 17; Section )

Collections & liens

Assessments constitute a continuing lien on the Lot; Association may foreclose in same manner as real property mortgages (Article VI, Section 1, page 16)

Reserves & fees

yes, amount established by Board, paid upon purchase (Article VI Section 10)

Pets

yes, reasonable number of house/yard pets as allowed by local zoning (Article III Section 6)

Leasing & rentals

Yes, rental of entire Lot/dwelling unit to a single family (Article III, Section 1, page 7)

Parking & vehicles

Passenger vehicles must be parked in garages or driveways; no parking on landscaped areas; commercial vehicles prohibited on streets and lots (Article III, Section 4(a), page 7-8)

Fences

Front: no hedge/wall/fence over 3 ft beyond front exterior wall plane; side/rear: max 6 ft; fences must be masonry; no chain link without approval (Article III, Section 7, page 9)

Architectural approval

Design Review Committee approval required for any building, structure, improvement, alteration, landscaping, etc. (Article IV, Section 2, page 13)

Solar & roof

Solar panels must be concealed or approved; not on roof unless approved; must be installed to minimize visibility (Article III, Section 12, page 10)

Home business

Prohibited (no business or professional purposes of any kind) (Article III, Section 1, page 7)

Signs & flags

No sign displayed to public view except traditional mailboxes, residential name plates, and approved 'for sale' signs; Declarant exempt (Article III, Section 13, page 11)

Setbacks / home size

Not to exceed two stories (Article III, Section 1, page 7)

Maintenance

Owner maintains Lot and improvements; Association maintains Common Areas (Article III, Section 20, page 12; Articl)

Insurance

General liability min $1,000,000; property insurance on Areas of Association Responsibility; workers' comp; other as determined (Article VIII, Section 1, page 19-20)

Use restrictions

Each lot for one detached single family dwelling, not to exceed two stories, used for residential purposes only; no business or professional purposes (Article III, Section 1, page 7)

Voting & meetings

Class A (Owners): one vote per Lot; Class B (Declarant): three votes per Lot owned (Article V, Section 3, page 15)

Amendments

By instrument signed by at least 2/3 of Owners and recorded; Declarant has right to amend for HUD/VA or FNMA without Owner vote (Article IX, Sections 2 and 3, page 20-21)

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