Painted Mountain Golf Villas

Key facts from Painted Mountain Golf Villas's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Timeshare Condominium (Interval Ownership Plan) (First WHEREAS clause: 'Declaration of De)

Units / lots

Initially 8 Units (Property), up to 104 additional Units (Additional Property) (Section 1.44 'Unit' definition, Declarat)

Developer / declarant

Grandvista at Painted Mountain, L.L.C., an Arizona limited liability company, formerly known as Painted Mountain Golf Villas I, L.L.C. (First paragraph)

Governing law

A.R.S. §§33-1201 (Arizona Condominium Act) (Recitals, Declaration)

Assessments & dues

Not fixed; determined annually by budget as Basic Assessments per Owner's Proportionate Share. (Article 5, Declaration)

Special assessments

Permitted (Special Assessments) but not detailed; defined as part of Assessments in Article 5. (Section 5.1, Declaration (defines 'Asses)

Collections & liens

Association has a lien against an Owner's Interval Interest for unpaid amounts (including holdover fees) and may enforce according to Declaration. (Section 2.3 (holdover lien) and general )

Pets

No animals or pets shall be allowed or kept in or upon any of the Property. (Section 2.4, Declaration)

Home business

Prohibited by resort-use-only restriction (Section 2.4). No specific mention. (Section 2.4, Declaration)

Signs & flags

Declarant reserves easement to display signs for sales and marketing for 10 years; otherwise none mentioned. (Section 2.5, Declaration)

Use restrictions

A Unit shall be used solely for resort or vacation use. (Section 2.4, Declaration)

Voting & meetings

Two classes: Class A (all Owners except Declarant) gets 2 votes per Annual Interval Interest and 1 vote per Biennial; Class B (Declarant) gets 6 votes per Annual and 3 votes per Biennial. Class B converts to Class A when its votes fall belo (Section 3.4, Declaration)

Amendments

Declarant may amend Declaration by recording written instrument if it holds at least 20% of votes and any Construction Lender consents in writing. (Recitals of First Amendment (DOC 196433))

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