The Ridge at Diamante Del Lago

What The Ridge at Diamante Del Lago's governing documents say

The Ridge at Diamante Del Lago is a planned residential community in Fountain Hills, Arizona, governed by a homeowners association (HOA). The CC&Rs create a standard single-family HOA with party walls (shared walls between lots), so homes are likely attached (townhome-style). This is a partial document excerpt (first ~27 pages) that sets up the association, common areas, assessments, insurance, maintenance duties, and architectural control. Key numbers: initial maximum annual assessment is $709 ($98/month), with an annual increase cap of 10% or CPI, whichever is greater.

• What you own & maintain: You own your lot and the residence on it. You are responsible for all maintenance, repairs, and replacements of your lot and improvements. The HOA maintains the common areas (landscaping, rights-of-way) and pays for common expenses through assessments.
• Assessments & fees: Initial maximum annual assessment is $709 per lot ($98 per month). After the first year, the board may increase the maximum annually by the greater of 10% or the CPI. Special assessments for capital improvements or unanticipated expenses require a two-thirds vote of each membership class. Unpaid assessments accrue 18% annual interest and become a lien on the lot.
• Architectural review & approvals: All lots are subject to the jurisdiction of the Master Committee of Architecture (from the Fountain Hills and Lakeside Village declarations). Owners must comply with the Master Guidelines and obtain approval for any improvements, alterations, or changes to the exterior of their property.
• Party walls (shared walls): If lots share a party wall, the cost of reasonable repairs and maintenance is shared proportionally by the owners using the wall. If the wall is destroyed, an owner who used it may restore it and seek contribution from other users. Disputes are decided by the HOA board.
• Insurance: The HOA must carry multi-peril property insurance on common areas (100% replacement cost) and a $1,000,000 liability policy. Owners should insure their own contents, personal liability, and any improvements not covered by the HOA policy. Insurance proceeds for common-area damage go to the HOA for restoration.
• Common areas & amenities: The HOA owns and maintains common areas (landscaping, roads, etc.). Each owner has a non-exclusive right to use common areas, subject to HOA rules. The board may suspend use rights for up to 30 days for rule infractions or indefinitely for unpaid assessments.
• What this document doesn't cover: This excerpt does not include any leasing restrictions, rental caps, pet limits, parking rules, age restrictions, or specific amenity details. Those may be found in later sections of the full CC&Rs or in separate rules and regulations.

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.