The Golf Villas at Gainey Ranch

Key facts from The Golf Villas at Gainey Ranch's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Section 5.01: Association shall be a non)

Developer / declarant

Markland Properties, Inc., an Arizona corporation (First paragraph of Declaration (PAGE 1))

Assessments & dues

Board prepares annual budget estimating total expenses and assesses each Lot a Regular Assessment at a uniform rate; Board may revise during year (Sections 6.03, 6.07 (PAGE 18, 20))

Special assessments

Board may levy Special Assessment for capital improvements or extraordinary expenses; after Turnover Date requires approval of 66% of Members present at a quorum meeting (Section 6.04 (PAGE 19))

Collections & liens

Each Assessment (plus interest, costs, attorney fees) is a continuing lien on the Lot and a personal obligation of Owner; lien subordinate to first mortgage/deed of trust and tax liens; Association may foreclose lien; purchaser at foreclosu (Sections 6.02, 6.12, 6.11 (PAGES 17, 22,)

Reserves & fees

Board may establish reasonable reserves (Section 1.11); Declarant contributes 5% of total maintenance costs to operating reserve at turnover (Section 5.13); Association may carry forward surplus (Section 6.15) (Sections 1.11 (PAGE 7), 5.13 (PAGE 16), )

Pets

Not specifically addressed; general use restrictions from Master Declaration apply (Section 9.01) (Section 9.01 (PAGE 28))

Leasing & rentals

Not specifically addressed; Member may delegate use of Common Areas to lessees (Section 2.04); Owner may lease but subject to Declaration (implied) (Section 2.04 (PAGE 12))

Parking & vehicles

Subject to Association Rules; parking areas designated on Plat and may be used for vehicular access (Section 2.03(a)); parking on common areas limited to purposes connected with Owner's Lot (Section 2.03(a) (PAGE 11))

Fences

Subject to Architectural Committee approval; party wall provisions apply to walls on dividing lines (Article VII) (Sections 7.01, 11.01 (PAGES 24, 29))

Architectural approval

Yes; no improvements, alterations, landscaping, etc. altering exterior appearance without prior approval of Architectural Committee (Section 11.01); also subject to Master Declaration (Section 11.01 (PAGE 29))

Solar & roof

Subject to Architectural Committee approval for exterior color scheme (Section 11.01) (Section 11.01 (PAGE 29))

Home business

Not specifically addressed; subject to Master Declaration restrictions (Section 9.01) (Section 9.01 (PAGE 28))

Signs & flags

Subject to Architectural Committee and Master Association approval; Declarant may erect signs for sale of Lots (Section 9.02) (Section 9.02 (PAGE 28))

Maintenance

Owner maintains roof, gutters, downspouts (Section 4.02) (Section 4.02 (PAGE 11))

Insurance

Association obtains broad form public liability ($1,000,000 combined limits), fire and extended coverage on Common Areas; may also obtain workmen's comp and D&O insurance (Section 8.01); also blanket policy for Dwelling Units unless Associa (Sections 8.01, 8.04 (PAGES 25, 26))

Use restrictions

Yes; Property designated for single family use (Recitals and Section 1.15) (Recitals (PAGE 4) and Definition 1.15 (P)

Voting & meetings

Class A Members (all Owners except Declarant): one vote per Lot owned; Class B Member (Declarant): ten votes per Lot owned; fractional votes not allowed; joint owners lose vote if unable to agree; multiple votes need not be cast as a unit (Section 5.04 (PAGE 14) and Section 5.03()

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