The Townhomes at Roosevelt Square Two

Key facts from The Townhomes at Roosevelt Square Two's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhomes (single family townhomes) – not a condominium (Part One: 'single family townhomes'; als)

Legal name

The Townhomes at Roosevelt Square Two Homeowners Association, Inc.

Developer / declarant

The Townhomes at Roosevelt Square Two Homeowners Association, Inc. (First paragraph of Amendment)

Assessments & dues

Budget prepared by Board, sent to Owners 45 days before effective date; automatically effective during Declarant Control Period; after control period Members can veto with 80% vote (Section 8.1: 'Board shall send a copy of)

Special assessments

Authorized for non-routine or unanticipated expenses; must be allocated equally among all Units; may be vetoed by 80% vote of Members (Section 8.2(b): 'Common Expenses of a no)

Collections & liens

Assessments constitute a lien on the Unit which may be foreclosed in the same manner as a Mortgage under Arizona law (Article II definition of 'Assessment': ')

Reserves & fees

Annual contribution required for repair/replacement of Association assets with expected useful life of 3 years or more; based on Board's reasonable estimate. Board may also establish other reserve funds. (Section 8.1: 'The budget may include a c)

Leasing & rentals

Yes, but only as entire Unit, not separate rooms; must be in writing, require tenant compliance, minimum 12-month term (Section 5.1(c): 'A Unit may be leased on)

Architectural approval

Yes; no Work (as defined) may commence without written approval from Post Apartment Homes L.P. (first 15 years) or the Board thereafter (Article IV, Section 4.1 and 4.2)

Home business

Allowed for specified professions (law, accounting, insurance, real estate, architecture, medical/dental/engineering, computer/telecommunications, literary/artistic/craft, education) and others approved by majority; must not be detectable o (Section 5.1(b))

Signs & flags

Generally prohibited except: one 'for sale' or 'for rent' sign in designated area; one interior front window sign for home business (max 12x24 inches); signs required by law; signs from initial construction (Section 5.5(vi): 'Signs, banners, poster)

Use restrictions

Community shall be used only for residential, recreational, and related purposes and for home business use (Section 5.1(a))

Voting & meetings

One vote per Unit; vote may be exercised by written consent or at meetings (Section 6.2: 'there shall be only one vo)

Amendments

requires written approval of at least 80% of total authorized votes (Recital D (written approval of at least )

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