Deep Well Ranch

What Deep Well Ranch's governing documents say

Deep Well Ranch is a master-planned community in Prescott, AZ, governed by a master homeowners association (the Deep Well Ranch Property Owners Association) with the potential for sub-associations (Neighborhood Associations) within designated neighborhoods. This document is the master declaration of covenants, conditions, restrictions, and easements that binds all current and future owners, occupants, and residents within the covered property. It establishes the framework for development, assessments, common areas, use restrictions, and the association's authority.

• What this document covers: This is the master declaration for a planned community that may eventually include single-family detached homes, townhomes, and other residential types, as well as common areas. It establishes the master association and allows for subordinate tract declarations and neighborhood associations.
• Who is bound: All owners, occupants, tenants, and residents of lots within the covered property are bound by this declaration. Purchasers automatically agree to all provisions by accepting a deed.
• Assessments & fees: Regular assessments are levied annually per lot. The board can also levy special assessments, benefited assessments, working capital fund assessments (up to 25% of annual regular assessment), and reserve fund assessments (also up to 25%). Delinquent assessments create a lien on the property and can result in suspension of voting rights and common area privileges.
• Easements & common area use: Each owner has a nonexclusive easement to use the common area (e.g., parks, paths, and other shared amenities). The association can charge special use fees for certain common areas, limit guest use, and suspend rights for rule violations (up to 60 days) or delinquent assessments.
• Use restrictions: The declaration references a separate 'Use Restrictions' exhibit (Exhibit B) that governs detailed use rules. Visible text defines 'Single Family' as a group related by blood/marriage/adoption or up to three unrelated persons, and explicitly excludes boarding houses, rooming houses, and group homes unless required by law.
• Annexation & development: The developer (Declarant) can annex additional property into the community without owner approval during the Declarant Control Period. After that period, annexation requires 75% member vote and owner consent. Portions of the covered property may be deannexed with Declarant and owner consent.
• Association structure & governance: The association is a nonprofit corporation with a board of directors. Declarant controls the board during the Declarant Control Period. The board can adopt association rules, enforce covenants, and levy fines. Dispute resolution procedures including alternative dispute resolution are outlined.

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.