Circle Cross Ranch Parcels 2&5

What Circle Cross Ranch Parcels 2&5's governing documents say

This is a short-term resale and rental restriction covenant for an individual lot in Circle Cross Ranch Parcels 2&5 (San Tan Valley, AZ). It binds the property owner (not a full homeowners' association) and is intended for buyers, sellers, and renters of this specific lot.

• Resale & rental restriction: The owner cannot sell, lease, rent, or otherwise transfer the property for one year after the close of escrow without the seller's written consent. Violation triggers a $20,000 liquidated damages payment.
• Sign restriction: No 'for sale' or 'for rent' signs may be placed on the property during the one-year restriction period.
• Exceptions / waivers: The seller may waive the restriction for: death of owner, transfer to spouse, transfer to a revocable trust where owner is beneficiary, divorce decree, a security transfer that will be released, or a job relocation move over 25 miles (if owner occupies the property).
• Lien & enforcement: The seller has a lien on the property to secure the liquidated damages, can foreclose if unpaid, and may also seek an injunction to stop a sale during the restriction period.
• What this document doesn't cover: This is a single-lot covenant, not a full community declaration. It does not cover common areas, assessments, architectural control, pet rules, parking, or any other ongoing HOA obligations.

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.