Tierra Norte V

Key facts from Tierra Norte V's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Detached single-family residences (WITNESSETH (second paragraph after WHERE)

Units / lots

48 (Lots 1 through 48) plus Tracts A through F (common area) (WITNESSETH (first paragraph) and Section)

Developer / declarant

Courtland Homes, Inc., an Arizona corporation (WITNESSETH (first paragraph))

Assessments & dues

Maximum annual assessment initially $420 per Lot until January 1 of the year after first Lot conveyance. Thereafter, maximum increases automatically by greater of 5% or CPI increase (with formula) plus pass-through for utility and insurance (Section 4.3)

Special assessments

May be levied for capital improvements or other lawful purpose; requires assent of Members having at least 2/3 of votes cast in person or by proxy at a meeting; uniform rate for all Lots. (Section 4.4)

Collections & liens

Assessment Lien created by Declaration; perfected by recording a Notice of Claim of Lien. Association may foreclose like a realty mortgage. Lien subordinate to First Mortgage and tax liens. Sale or transfer under foreclosure extinguishes pa (Sections 4.1, 4.7, 4.8)

Reserves & fees

Association shall establish and maintain an adequate reserve fund from annual assessments for periodic maintenance, repair, and replacement of Common Area improvements. (Section 4.10)

Pets

Dogs, cats, or other common household pets may be kept, but not for commercial breeding and not in unreasonable numbers (determined by Architectural Committee). No animals or fowl that are obnoxious. Must be kept within fenced yard or on le (Section 5.16)

Leasing & rentals

Yes, but only in writing, subject to the Declaration, for an entire Residential Unit and lot, with a minimum term of 30 days. (Section 5.15)

Parking & vehicles

All vehicles of Owners and lessees, employees, guests, invitees shall be kept in garages or residential driveways if sufficient. No overnight on-street parking. No parking in front or side yard. (Section 5.6)

Architectural approval

Prior written approval of Architectural Committee required for any excavation, grading, construction, installation, addition, alteration, repair, change, or replacement that alters exterior appearance of any Lot or Improvement. (Section 5.22(A)-(C))

Solar & roof

Solar energy collecting units or panels require prior written approval of Architectural Committee (to the fullest extent permitted by law). (Section 5.11)

Home business

Home businesses permitted if confidential and in strict accordance with all applicable City of Peoria ordinances, rules, and regulations. (Section 5.1 (last sentence))

Signs & flags

Allowed: Declarant's signs; one temporary for-sale sign (5 sq ft); signs required by law; one residential identification sign (80 sq in); signs approved by Architectural Committee. Must conform to Peoria ordinances. (Section 5.3)

Setbacks / home size

No building shall exceed two stories in height. (Section 5.2)

Maintenance

Each Owner maintains their Residential Unit and Lot in good repair. Association maintains Common Area (including Tracts A-F) and may maintain rights-of-way and easements as needed. Association may enter Lot to perform maintenance if Owner f (Article VIII (Maintenance by Owners) and)

Insurance

Association shall obtain insurance covering the Common Area and such other property as the Board determines. Scope not detailed in provided text. (Section 11.1 (not fully visible))

Use restrictions

All Lots shall be improved and used only for Single Family Residential Use. No gainful occupation, profession, trade, or other commercial activity (except Declarant's sales activities and confidential home businesses in compliance with Peor (Section 5.1)

Voting & meetings

Class A members (all Owners except Declarant) – one vote per Lot. Class B member (Declarant) – three votes per Lot owned. Joint ownership – one ballot per Lot; if multiple owners cannot agree, vote lost. Corporate ownership – designated ind (Sections 3.7, 3.8, 3.9, 3.10)

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