La Casa De Fuente

Key facts from La Casa De Fuente's documents

Community type

condominium (Horizontal Property Regime) (Recitals and Article I)

Units / lots

78 residential units (Article I, Section 1.1: 'ten buildings c)

Developer / declarant

CARLO BROTHERS, INC., an Arizona corporation (Opening paragraph, page 1)

Governing law

Horizontal Property Regimes Act of the State of Arizona (Recitals, page 2-3)

Assessments & dues

Maximum annual assessment initially $720.00 per Unit (until January 1 following first Unit conveyance) (Section 12.3, page 19)

Special assessments

Levied by Board for capital improvements, unexpected repair, or other authorized expenses; apportioned per owner's undivided interest; requires written notice and no payment due less than 30 days after notice (Section 12.6, pages 19-20)

Collections & liens

Unpaid Common Expenses or special assessments become a lien on the Unit, superior to all except taxes and first mortgages. Foreclosure may be by mortgage-style proceeding. Association may bid at sale. Lien subordinate to first mortgagee. Ow (Section 12.7, pages 20-21)

Reserves & fees

Monthly assessment shall include adequate reserves for maintenance, repairs, and replacement of Common Areas that need periodic replacement. Also Board may create reasonable reserve fund for periodic replacement of Common Areas. (Sections 12.12 (page 22) and 12.1 (page )

Pets

Domestic dogs, cats, fish and birds inside cages may be kept as household pets within any Unit, subject to conditions: not for commercial purposes, under reasonable control, and prior written Board approval. (Section 13.12, page 26)

Leasing & rentals

Not prohibited; Condominium Unit may be leased (implied by reference to leasing in Section 13.2 and general provisions), but no specific leasing restrictions in this document. (Section 13.2 mentions 'sale or rental of)

Parking & vehicles

Parking spaces comprising part of General Common Areas may be assigned and reassigned by Association to individual Unit Owners for exclusive use. (Section 6.5, page 9)

Fences

No wall, obstruction, etc. without Board approval; also no enclosing terrace/patio/balcony without prior written consent. (Section 13.7, page 24)

Architectural approval

Yes, for any exterior alteration or improvement, including walls, screens, enclosures, etc. Plans must be submitted to Board (or Architectural Committee) for approval. (Sections 13.7 and 13.9, pages 23-25)

Home business

Prohibited; 'No other business activities of any kind shall be conducted in any Condominium Unit or on the Project.' (Section 13.3, page 23)

Signs & flags

No sign displayed to public view without prior written Board approval as to size, shape, color, content, and location. Declarant may display signs in Common Areas or its own Units until last Unit sold. (Section 13.10, page 25)

Setbacks / home size

Not explicitly stated

Maintenance

Association responsible for maintenance and repair of roofs (as part of Common Areas). (Section 11.1, page 15: 'utility lines, r)

Insurance

Comprehensive general liability and property damage insurance covering entire Project, and fire/hazard insurance (multi-peril) on replacement cost basis, including extended coverage, vandalism, malicious mischief. Also boiler explosion insu (Sections 14.1 and 14.2, pages 27-29)

Use restrictions

Condominium Units restricted to residential use and related convenience/enjoyment. No timeshare estate or use. No business activities of any kind. (Sections 13.1 and 13.3, pages 22-23)

Voting & meetings

Two classes: Class A (all Owners except Declarant) each Unit one vote; Class B (Declarant) three votes per Unit owned. Class B ceases when Class A votes equal Class B or after 7 years. (Section 9.4, pages 13-14)

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