Las Torres

Key facts from Las Torres's documents

Community type

Condominium (Article I Section 7)

Developer / declarant

LAS TORRES HOMEOWNERS ASSOCIATION (the Association) for this amended declaration; original declarant was First American Title Insurance Company of Arizona (First paragraph of Declaration and WHERE)

Governing law

Condominium Act (Arizona Revised Statutes, Title 33) and previously Horizontal Property Regime statutes (A.R.S. 33-551 through 33-561) (WHEREAS paragraphs)

Age restriction

Each residential unit shall be occupied by at least one (1) person 55 years of age or older; no person under 18 may occupy except as guest not exceeding 90 days in 12 months; surviving spouses/cohabitants exceptions; Board may adopt rules; (Article III Section 2)

Assessments & dues

Fixed by Board at least 30 days in advance; maximum cannot exceed prior year's assessment by more than 10% without 2/3 vote of members (Article VII, Sections 1 and 4, pages 20-)

Special assessments

Special assessments for capital improvements require assent of two-thirds (2/3) of voting power voting in person or by absentee ballot at a regular annual meeting (Article VII Section 5)

Collections & liens

Assessments constitute a lien on the Unit and Co-Owner's Interest; Association has power of sale; personal obligation of Owner; foreclosure remedy available (Article VII Sections 1 and 7)

Reserves & fees

Repair and Replacement Fund established for capital improvements (exterior building repair, fixtures), with specified maximum annual assessment and fund balance; changes require 2/3 vote (Article VII Section 5)

Pets

Reasonable number of generally recognized house pets allowed; no commercial breeding; no pet structures on Common Elements; Board determines reasonableness and nuisance (Article III Section 1(j))

Leasing & rentals

Leasing to a single family permitted; no Unit may be leased or subleased without prior written notice to the Board of lessee names, family members, lease term, and compliance with Board rules (Article III Section 1(g))

Parking & vehicles

Only automobiles in operating condition may be parked outside garages; no overnight parking of Owner vehicles on streets/drives; guest vehicles may park overnight in designated parking areas (Article III Section 1(l))

Architectural approval

Prior written approval of Architectural Committee required for any improvements, alterations, repairs, excavations that alter exterior appearance or affect structural integrity. (Article VIII, Section 5, page 22-23)

Home business

An Owner may conduct a business activity within a Unit if: (i) not detectable by sight, sound, or smell from outside; (ii) conforms to zoning; (iii) does not involve persons coming onto the Property or door-to-door solicitation; (iv) consis (Article III Section 1(a) (paragraph afte)

Signs & flags

No signs visible from Common Elements except those approved by Architectural Committee and a "for sale" sign not to exceed 18x24 inches and a sign rider not to exceed 6x24 inches, displayed in Owner's Unit, patio, or balcony (Article III Section 1(h))

Insurance

Association shall insure General Common Elements, including all exterior surfaces, for full replacement cost. Coverage is 'bare walls' only, excluding floor coverings, wall coverings, cabinets, built-in appliances, fixtures, and HVAC equipm (Article IX, Section 1(a) and (b), page 2)

Use restrictions

All Units shall be used and devoted exclusively to single family residential use (Article III Section 1(a))

Voting & meetings

Each Unit entitled to one vote in Association meetings; when multiple owners, one vote per Unit exercised as they determine; suspension of voting rights for nonpayment of assessments or default after 15 days notice (Article VI Sections 3 and 4)

Amendments

Amendment procedure not fully detailed in excerpt; dedication of Common Elements requires at least 80% vote; budget can be rejected by majority of Unit Owners; assessment increase limits require 2/3 vote (Article II Section 1(c), Article V Secti)

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