Sereno Canyon Resort Cottages Condominium

Key facts from Sereno Canyon Resort Cottages Condominium's documents

Community type

Condominium (Title and throughout)

Units / lots

Initially 6, maximum 25 if all Additional Property annexed (Section 2.5.1 (page 15-16) and Section 1)

Developer / declarant

Toll Brothers AZ Construction Company, an Arizona corporation (Preamble (page 6))

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.8)

Assessments & dues

Regular Condominium Assessments established by Condominium Board based on budget; allocated equally among Units except as otherwise provided. (Section 6.3 (page 23) and Section 2.5.2 )

Special assessments

Allowed (Condominium Special Assessment per Section 6.4) and is a Major Decision requiring Member approval after Declarant Control (Section 5.7(b)). (Sections 6.4 and 5.7(b) (pages 24 and 27)

Collections & liens

Condominium Assessments create a lien on the Unit and a personal obligation; remedies for nonpayment include foreclosure (Section 6.1, 6.13). (Sections 6.1 and 6.13 (pages 27, 28, 29))

Reserves & fees

Condominium Reserve Contribution required (Section 6.6); Condominium Reserves maintained (Section 6.12). (Sections 6.6 and 6.12 (pages 25, 26))

Leasing & rentals

Yes, but must be through Leasing Agent designated by Association; rental pool managed by Agent. No minimum lease term. (Sections 4.3.1) (Section 4.3.1 (page 24))

Parking & vehicles

No parking of any vehicles within the Condominium. Unit Owners and others must park in Mountain Lodge parking lot in accordance with Association rules. (Section 4.3.3) (Section 4.3.3 (page 25))

Architectural approval

Yes, Master Association approval required (Section 8.1); also governmental approvals (Section 8.2). (Sections 8.1 and 8.2 (page 31))

Signs & flags

Declarant may install signs, flags, banners for marketing (Section 3.4.1); no other sign rules specified. (Section 3.4.1 (page 20))

Maintenance

Not explicitly stated; roof is likely part of Common Elements (exterior of Cottage is Common Element per Section 2.4). (Section 2.4 (page 15))

Insurance

Section 9.1: Condominium Association shall maintain property insurance on Common Elements, liability insurance, workers' compensation, and other coverage. (Section 9.1 (page 32-33))

Use restrictions

Condominium must be used in accordance with Master Declaration Article 5 and City of Scottsdale R-4R zoning (permits short-term rentals, tourist accommodations, resort uses, and residential townhomes) - Section 4.1. (Section 4.1 (page 23-24))

Voting & meetings

One vote per Unit, allocated equally among Units (Section 2.6 (page 16))

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