Paradise Valley Ranchos

What Paradise Valley Ranchos's governing documents say

This is a 1968 real estate purchase agreement for two lots (116 and 117) in Paradise Valley Ranchos No. 2, a subdivision in Scottsdale, AZ. It is a contract of sale between the seller and buyers, not a set of community governing documents. Any community restrictions, if they exist, would be recorded separately. The document outlines the payment plan, insurance, maintenance, and default remedies for this specific transaction.

• Property description: The property is Lots 116 and 117 of Paradise Valley Ranchos No. 2, as recorded in Book 93 of Maps, page 8, Maricopa County, Arizona.
• Payment terms: Total price: $9,000.00. $900.00 cash down, balance of $8,100.00 in monthly installments of $79.00 or more starting June 15, 1968, with 6.6% annual interest. Entire balance due by May 15, 1978.
• Insurance requirement: Buyer must keep improvements insured against fire for their reasonable insurable value, with companies approved by seller, for benefit of both parties.
• Maintenance obligation: Buyer must maintain the premises and improvements in good repair, permit no waste, and care for them as a prudent owner would.
• Default and forfeiture: If buyer defaults, seller may sue for specific performance or enforce forfeiture. Upon forfeiture, buyer loses all rights and payments made, plus any improvements, as liquidated damages, and must surrender possession.
• What this document doesn't cover: This document does not contain any community-wide rules like pet restrictions, architectural guidelines, leasing policies, or association fees. It is a private sale contract, not a declaration of covenants or HOA bylaws.

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.