Colony Camelback

Key facts from Colony Camelback's documents

Reflects the 1974 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Horizontal property regime (condominium) pursuant to Arizona Revised Statutes Sections 33-551 through 33-561 (Section 1.1, Section 2)

Legal name

Colony Camelback Association, an Arizona nonprofit corporation (Section 1.2)

Developer / declarant

Western Savings and Loan Association, an Arizona corporation (Preamble)

Governing law

Arizona Revised Statutes Sections 33-551 through 33-561 (Section 1.1, Preamble)

Age restriction

As amended: No person under 16 may permanently reside in Units 101-148 inclusive. Permanent residence defined as more than 30 days unless Board extends. (Section 18.11 as amended by First Amendm)

Assessments & dues

Common expenses apportioned among units in proportion to each unit's percentage interest in Common Elements, except utility expenses apportioned by square footage of floor space. (Section 8.1)

Special assessments

Board may levy special assessments for deficiencies in insurance proceeds for repair/rebuilding, and for condemnation deficiencies. Also may require loans from owners (loans repayable within 10 years, with interest after maturity). (Sections 8.2, 11.3, 12.3)

Collections & liens

Unpaid assessments constitute a lien on the unit, subordinate to first mortgage/trust deed for amounts due before possession/foreclosure. Lien may be foreclosed same as realty mortgages in Arizona. (Section 8.1)

Reserves & fees

Not explicitly mentioned in extracted text.

Pets

Dogs, cats or other household pets may be kept in units, subject to approval of Association, provided no animal kept, bred or maintained for any commercial purpose. (Section 18.5)

Leasing & rentals

Yes, but subject to Association's right of first refusal and approval. Owner must give 30 days written notice with lessee information and lease copy. Association may choose to lease the unit itself on same terms or disapprove the lease. (Section 17)

Parking & vehicles

Board has full authority to operate, manage and use parking on Parcel for all owners. Each owner has exclusive use of one parking space per unit, assigned by Board, subject to rules. Additional parking negotiated with Board. (Section 7)

Fences

Not explicitly addressed; general requirement of Association approval for any structure (including fences) under Section 18.7. (Section 18.7)

Architectural approval

No alterations of Common Elements, patios or balconies without prior written approval of Board. Non-structural alterations within unit allowed without prior approval. Structural alterations require approval of Majority of Owners. All constr (Sections 14, 15.2)

Home business

No religious, professional, commercial or industrial operations of any kind conducted in or upon any unit or Common Elements, except temporary uses by Declarant during sales. (Section 18.8)

Signs & flags

No sign of any kind displayed to public view from any unit or Common Elements without Association approval, except signs used by Declarant in connection with development and sale. (Section 18.4)

Maintenance

Each Owner: interior maintenance, windows, utility lines serving only his unit. Association: Common Elements maintenance as common expense. If owner fails, Association may enter, repair, and charge owner. (Section 13)

Insurance

Board shall obtain insurance for Property (exclusive of owner additions/decorating) against fire and other hazards, in amount sufficient to meet coinsurance requirements but not less than 90% of full insurable value of Common Elements and U (Section 10)

Use restrictions

No part of Property shall be used for other than residential or related purposes, except Declarant may maintain sales offices, model units, and signs until all units sold. (Section 18.1)

Voting & meetings

Until all units are sold by Declarant, Declarant has sole voting rights. Majorities based on owners of more than 50% of undivided ownership of Common Elements. (Section 1.10, Section 4.1)

Amendments

Declaration may be amended by instrument signed by Owners owning not less than 80% of total ownership of Common Elements then entitled to vote, with written consent of all first mortgage holders/beneficiaries. Until all units sold, Declaran (Section 20)

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