Terra Vella

Key facts from Terra Vella's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Terravella Community Association, an Arizona nonprofit corporation (Section 1.8)

Developer / declarant

QCE Residential Land LP, a Delaware limited partnership (Page 6 (first paragraph after table of c)

Governing law

Arizona Revised Statutes (A.R.S.) – references to A.R.S. §33-741 et seq., A.R.S. §33-801, et seq. (Definitions 1.23, 1.24, 1.31, 1.32)

Assessments & dues

Board determines budget and sets Regular Assessment to cover Common Expenses, taking into account other funds. Allocation per Lot by dividing total budget by total number of lots contemplated for the Project. (Sections 4.2, 4.3)

Special assessments

Levy for unanticipated or excess expenses. After Transition Date, requires approval of (i) >2/3 of Class A votes present in person or proxy, (ii) Declarant while owns property, (iii) each Builder. Levied at uniform rate per Membership. (Section 4.4)

Collections & liens

Assessment Lien created by this Declaration. Lien includes assessments, interest, late fees, penalties, attorneys' fees, costs. Lien recorded after written demand and 10 days nonpayment. Foreclosure allowed. Lien priority except for prior l (Section 4.12.2, 4.12.3, 4.12.5)

Reserves & fees

Board shall include reserves in each budget for future periodic maintenance, repair, replacement of Areas of Association Responsibility. Deposited in separate bank account, not commingled. Withdrawal requires signatures of two Board members (Section 4.17)

Leasing & rentals

Leasing of Residential Units permitted subject to restrictions. All leases must be in writing, for a term of at least 30 days. No short-term rentals (less than 30 days). Owner must provide copy of lease to Association and lessee must comply (Section 7.23 (Leasing of Residential Uni)

Parking & vehicles

Vehicles and parking are regulated. No inoperable vehicles, no commercial vehicles, no boats, trailers, campers, RVs, or other recreational vehicles may be parked on Lots or streets except as permitted by Association. Vehicles must be parke (Section 7.13 (Vehicles and Parking), Sec)

Fences

Not specifically provided in excerpt; general architectural control applies. Fences likely subject to Design Guidelines. (Section 6.2 – Design Guidelines)

Solar & roof

Not specifically addressed in excerpt. (Not covered in provided text)

Maintenance

Association maintains Common Area and other Areas of Association Responsibility. Owners maintain their Lots and Improvements, including buildings, landscaping, etc. within the Lot. (Sections 8.1, 8.2)

Use restrictions

Lots shall be used only for residential purposes as single-family residences, except as otherwise permitted in Declaration. (Section 7.1 (use restrictions))

Voting & meetings

Two classes: Class A (all Members except Declarant and Builders) – one vote per Lot owned. Class B (Declarant and Builders) – three votes per Lot owned. Class B expires upon earliest of: (i) neither Declarant nor Builder owns property in Pr (Section 3.4)

Amendments

Article 11 – General Provisions: Method of termination and amendments. (Specifics not in excerpt.) (Article 11 (sections 11.2, 11.3))

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