Paseo Hermoso

What Paseo Hermoso's governing documents say

This document is an amendment to the Declaration of Covenants, Conditions and Restrictions for Paseo Hermoso Patio Houses Association, a patio house community in Phoenix, AZ. It only amends the insurance provisions in Article XI, Section 1. It does not contain the full community rules, so you should refer to the complete CC&Rs for other rules about use, maintenance, pets, leasing, etc.

• What this document covers: It amends only Article XI, Section 1 of the main declaration, focusing on insurance requirements for patio houses and common elements. It does not address other typical HOA rules.
• Insurance coverage by the Association: The Board may, at its discretion, obtain insurance for all patio houses covering full replacement cost for fire or other hazards, and a broad form public liability policy covering common elements. Premiums for common element insurance are common expenses; premiums for individual patio house insurance, if obtained by the Board, are owed by each owner and become a lien if unpaid after 20 days' notice.
• Owner insurance responsibilities: Each owner must insure their own personal property and liability. If the Board does not obtain insurance on patio houses, each owner must obtain their own replacement cost policy and provide a certificate of insurance to the Board.
• Use of insurance proceeds and special assessments: Insurance proceeds are used to repair or rebuild damaged property. If proceeds are insufficient, the Board may levy a special assessment against owners of the damaged building (for patio houses) or against all owners (for common elements). Excess proceeds are paid to mortgagees and owners proportionally.

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.