Sagecrest

Key facts from Sagecrest's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.5)

Legal name

Sagecrest Homeowners' Association (Recital B, Section 1.5)

Units / lots

158 (Recital A: Lots 1 through 158)

Developer / declarant

Great Western Communities, Inc., an Arizona corporation, d/b/a Great Western Homes (First paragraph)

Governing law

Arizona Revised Statutes (referenced Section 33-741) (Section 1.15(c))

Assessments & dues

Maximum annual assessment: $26.00 per month per Lot until January 1, 2002 (Section 6.3)

Special assessments

May be levied for capital improvements with assent of 2/3 of each class of members (Section 6.4)

Collections & liens

Assessment lien attaches upon recordation of claim; may be foreclosed by suit or trustee's sale; subordinate to first mortgage (Sections 6.8(b), 6.9)

Reserves & fees

Interest at 12% per annum or maximum allowed by law from due date (Section 6.8)

Pets

Yes, only generally recognized house or yard pets in reasonable numbers, not for commercial purposes, and not causing unreasonable noise or nuisance (Section 8.1(m))

Leasing & rentals

Yes, leases must be in writing and subject to this Declaration; owner must notify Association of all leases (Section 8.1(cc))

Parking & vehicles

Parking limited to garages, carports, driveways, designated areas; on-street parking discouraged; vehicles to be kept in garages etc. (Section 8.1(v))

Fences

Party walls/fences: adjoining owners responsible for repair; wall adjacent to Common Area considered party wall with Association; color changes require ARC approval if visible from public street or Common Area (Section 8.1(t))

Architectural approval

Yes, Architectural Committee approval required for any improvements altering exterior appearance, including color schemes, building materials, etc. (Section 7.1, 8.1(d))

Home business

Prohibited (no gainful occupation, profession, trade or other non-residential use) (Section 8.1(a))

Signs & flags

No signs, banners, or advertising (including For Sale, For Rent) permitted on lots or exterior of dwelling units, except a name address sign not exceeding 9"x30", until one year after last unit sold or January 1, 2005; Declarant may erect s (Section 8.1(k))

Maintenance

Association maintains Common Area and front yards; Owner maintains rest of Lot landscaping and improvements; Owner responsible for interior coverage (Sections 8.2(c), 8.1(e), 9.1)

Insurance

Association shall maintain liability insurance in amount no less than $1,000,000, and directors and officers liability (Section 9.1)

Use restrictions

All Lots used exclusively for single-family residential; no gainful occupation, profession, trade (Section 8.1(a))

Voting & meetings

Two classes: Class A (all Owners except Declarant) one vote per Lot; Class B (Declarant) three votes per Lot owned until conversion (Section 5.2)

Amendments

Not fully specified; Declarant can amend via Supplemental Declarations; provisions can be amended by Declarant alone for certain subsections (e.g., Section 8.1(dd)); general amendment by vote not detailed (Sections 3.2, 8.1(dd))

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