Willow Parc Condominiums

Key facts from Willow Parc Condominiums's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title: WILLOW PARC CONDOMINIUMS; through)

Developer / declarant

WILLOW PARC LIMITED PARTNERSHIP, an Arizona limited partnership (Opening paragraph (page 5))

Governing law

Arizona Revised Statutes, Sections 33-551 through 33-561 (Article 2, introductory recital B (page )

Assessments & dues

Maximum $1,200 per unit for the year prior to January 1 following close of escrow of first unit sale. Thereafter set by Board. (Subarticle 4.3 (page 12))

Special assessments

May be levied by Board with affirmative vote of 2/3 of each class of membership for capital improvements or unanticipated expenses. (Subarticle 4.4 (page 13))

Collections & liens

Assessments create a continuing lien on the unit; may be foreclosed like a mortgage. Lien superior to all except taxes and first mortgages. Foreclosure proceeds applied to costs, fees, unpaid assessments, balance to owner. (Subarticles 4.1, 4.9.1 (pages 11, 15-16))

Reserves & fees

Annual assessments shall include an adequate reserve fund for taxes, insurance, maintenance, repairs, replacement of Common Area. (Subarticle 4.2 (page 11))

Pets

Usual and ordinary household pets (dogs, cats, birds) may be kept under reasonable control; no raising or breeding. Board may enact rules and remove objectionable pets. (Subarticle 7.5 (page 23))

Leasing & rentals

Owners have absolute right to lease units, subject to restrictions on transient/hotel use (less than 30 days or with hotel services). Lease must be in writing and subject to declaration and rules. (Subarticle 7.8 (page 23))

Parking & vehicles

Each unit has exclusive easement for one covered parking space assigned by Declarant or Association; assignments may be changed by Board. No trailers, campers, mobile homes, commercial vehicles (except standard pickup), inoperable autos, bo (Subarticle 1.11 (page 8-9), Subarticle 7)

Architectural approval

No building, fence, wall, obstruction, balcony, screen, patio, patio cover, tent, awning, carport, solar collector, antenna, improvement or alteration may be commenced without prior written approval of Architectural Control Committee. (Subarticle 8.1 (page 26))

Home business

Not allowed; trade or business prohibited except Declarant may use units for model home/sales office. (Subarticle 7.1 (page 22))

Signs & flags

No signs displayed to public view without approval of Board or Architectural Control Committee; signs for sale or rent allowed in designated locations. (Subarticle 7.4 (page 23))

Maintenance

Association maintains Common Area (including patio/balcony walls, landscaping, exterior awnings). Owner maintains glass surfaces, capital improvements within unit, and is liable for damage caused by willful/negligent acts. Party walls: adjo (Subarticles 5.1.1, 5.2, 9.2 (pages 17, 1)

Use restrictions

No unit shall be occupied or used except for single family residential purposes; no trade or business conducted therein. (Subarticle 7.1 (page 22))

Voting & meetings

Class A (non-declarant owners): 1 vote per unit owned; Class B (Declarant): 3 votes per unit owned until conversion. Multiple owners of a unit have only 1 vote. (Subarticles 3.4.1, 3.4.2 (pages 8-9))

Amendments

Requires vote or written assent of 75% or more of total voting power of Association, plus additional requirements for material amendments (including consent of Eligible First Mortgagees holding at least 67% or 51% of votes of units subject (Subarticles 10.2, 10.2.1 (pages 29-31))

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