Lakeside Villas of Scottsdale

Key facts from Lakeside Villas of Scottsdale's documents

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

Community type

condominium (horizontal property regime) (Document title and Section 2)

Developer / declarant

CARLO BROTHERS, INC., an Arizona corporation (Recitals and Section 1.5)

Governing law

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

Assessments & dues

$110 per unit per month (initial maximum regular assessment until January 1 following first unit conveyance) (Section 7.1: "maximum regular assessment)

Special assessments

May be levied by vote of 2/3 of each class of Members for capital improvement costs. (Section 7.1: "special assessment ... by )

Collections & liens

Unpaid assessments, interest, costs, attorney's fees constitute a lien on the unit, subordinate to first mortgage. Lien may be foreclosed as for realty mortgages in Arizona. (Section 7.2)

Reserves & fees

Reasonable reserves for contingencies, replacements, including adequate reserve fund for periodic replacements. (Section 7.1: "reasonable reserves for co)

Pets

Yes, maximum one commonly accepted household pet per unit (Section 17: "a maximum of one (1) common)

Leasing & rentals

Yes, but lease must be in writing, initial term at least 30 days, no transient/hotel purposes, and lease agreement must be delivered to Association. (Section 17: "no Owner shall permit his U)

Parking & vehicles

No trailer permitted on property (temporarily or permanently) unless by Declarant in initial development. (Section 17: "no tent, shack, barn, or tr)

Architectural approval

Yes; plans and specifications for any exterior addition, change, alteration, or landscaping must be submitted for approval to Board or architectural committee. (Section 18)

Home business

Permitted: personal library, personal business records, handling personal business telephone calls/correspondence from unit. (Section 17: "not ... to prohibit an Owne)

Signs & flags

No signs except dignified name/address sign; no 'For Sale' or 'For Rent' signs; master sign may be placed by Board. (Section 17: "No sign of any nature whats)

Maintenance

Association shall maintain and repair all roof leaks or damage. (Section 21: "The Association shall maint)

Use restrictions

Yes; property shall be used only as a dwelling and related common purposes. (Section 17: "No part of the Property sha)

Voting & meetings

Two classes: Class A (Owner, one vote per unit); Class B (Declarant, three votes per unit until conversion). Special matters may require mortgagee vote. (Section 4.1)

Amenities

Swimming pools, gas barbeque grills, ponds, recreational facilities as common elements. (Section 1.4: "swimming pools, gas barbeq)

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