Place D' Valencia

What Place D' Valencia's governing documents say

Place D' Valencia is a sub-lot residential development in Phoenix, Arizona, with nine individually owned sub-lots and shared common areas managed by the Place D' Valencia Improvement Association. You own your sub-lot and participate in the Association through one share of stock per lot, funded by pro-rata assessments for common area maintenance including private roads and recreational facilities.

• What you own & maintain: You own your individual sub-lot; the Association maintains common elements including private roads, recreational areas, and a swimming pool. The Association may also maintain landscaping and yard areas per Board determination, in which case you are assessed accordingly.
• Residential use only: Your lot is restricted to single-family residential dwellings; no business, commercial activities, or entertainment venues are permitted. Only household pets are allowed; no livestock or poultry.
• Architectural review & modifications: All construction, alterations, exterior changes (including paint color), fences, and walls require written Board approval. The Board has 30 days to review plans; if it does not reject in writing within that time, the plans are deemed approved. All improvements must be new construction; existing buildings cannot be moved onto the lot.
• Vehicles & parking: Loud vehicles (motorcycles, motorbikes) may not be operated without Board approval. Trucks, trailers, campers, boats, and antique cars must be parked inside closed garages; only standard cars and bicycles may be parked in open carports.
• Assessments & fees: You must pay a pro-rata share of common area costs within 10 days of invoice—one full share per sub-lot, or one-quarter share for vacant lots after construction begins on at least five lots. Unpaid invoices become a lien on your lot after 30 days and may be foreclosed.
• Sales, leases & transfers: The Board has a 15-day review and approval period for any sale, lease, or transfer; during this time, the Association has an option to purchase or lease at your proposed terms. If the Board disapproves and does not exercise its option, owners of at least five other sub-lots can override the decision by written approval.
• Party walls: If a party wall between your lot and an adjacent lot is damaged by you or your agents/family, you must repair it at your expense. If damaged by other causes (weather, third parties), both owners share repair costs equally. Modifications to party walls require written consent from the adjacent owner plus Board approval.
• Membership & voting: You receive one share of stock in the Place D' Valencia Improvement Association per sub-lot owned, which entitles you to vote on Association matters. Stock cannot be transferred except with the sale of your lot (with Board approval) or pledged to a lender.

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.