Palo Verde Villas I
You own a unit plus a share of the common elements; the association maintains the building and grounds.
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What Palo Verde Villas I's governing documents say
This is a 1974 amendment to the Declaration of Covenants, Conditions and Restrictions for Palo Verde Villas I, a condominium (horizontal property regime) in Phoenix, AZ. It modifies the section on the Association, changing its structure to a nonprofit corporation; the original full CC&Rs from 1972 are not included here. The document primarily defines membership classes (Class A for unit owners, Class B for the developer) and voting rights, with the developer retaining control until a 'Transfer of Control Date.'
- Association structure: The amendment restates that the condominium's association shall be a nonprofit corporation organized under Arizona law, fulfilling its functions per the declaration's provisions.
- Membership & voting: Membership is held by record owners of apartment units (one membership per unit). Until a 'Transfer of Control Date' (when the developer sells 81% of units or sooner elects to relinquish control), there are two classes: Class A (all owners except the developer) have no vote until transfer; Class B (the developer) has one vote per unit owned, including units not yet constructed.
- What this document doesn't cover: As an amendment, this document does not include the original CC&Rs' full rules. It does not cover pet restrictions, leasing terms, assessments, insurance, maintenance obligations, or architectural controls. Those may be in the original 1972 declaration or other amendments.
Key facts from Palo Verde Villas I's documents
- Community type
- Condominium (horizontal property regime) (concerning PALO VERDE VILLAS I, a horizo)
- Legal name
- Palo Verde Association I (PALO VERDE ASSOCIATION I)
- Developer / declarant
- Russell Development Company, an Arizona corporation, and Palo Verde Association I (made and entered into ... by RUSSELL DEV)
- Governing law
- General nonprofit corporation laws of the State of Arizona (organized pursuant to the general non-pr)
- Leasing & rentals
- Entire apartments may be rented, but no rooms (except as part of an apartment) and no transient tenants. (Entire apartments may be rented provided)
- Voting & meetings
- Class A members (all owners except Developer) have no vote until Transfer of Control Date, then one vote per unit. (A Class 'A' member shall not have the ri)
- Amendments
- Declaration may be amended by majority vote of members then eligible to vote (this Declaration ... may be amended by a)
About this HOA
Palo Verde Villas I is a homeowners association in Phoenix, AZ.
HOAproxy has 4 documents on file for Palo Verde Villas I: 3 amendments and 1 CC&R. Last updated 2026-07-18.