Residence Club Scottsdale at Troon North

Key facts from Residence Club Scottsdale at Troon North's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residence Club (timeshare) (Recital A)

Developer / declarant

PR RESORT CLUB, LLC, an Arizona limited liability company (Opening paragraph)

Assessments & dues

Based on Budget of Basic Expenses approved by Association (Definitions 1.13, 1.16)

Special assessments

If Basic Assessment proves inadequate, Special Assessment may be levied against each Residence Club Interval (Definition 1.80, Paragraph 5.8)

Collections & liens

Likely provided in later articles; not extracted

Leasing & rentals

Owners may permit occupancy by other persons (Permitted Users) for permitted purposes during Use Period; Declarant has exclusive rental rights for unrented units; Association may rent in certain circumstances; no rental pool allowed (Paragraphs 2.3, 2.6(c), 2.6(d), 2.7(c))

Home business

Prohibited as commercial use (Paragraph 2.5)

Signs & flags

Declarant may display signs for sales purposes; generally not addressed for owners (Paragraph 2.6(a)(3))

Voting & meetings

Based on Residence Club Intervals; Consent of a Majority of Non-Declarant Owners requires >50% of voting power of Non-Declarant Owners; Consent of a Majority of Owners before Conversion Date requires Declarant consent plus >50% of Non-Decla (Definitions 1.22, 1.23)

Amendments

After Starting Date, amendment requires Consent of a Majority of Owners (as defined), evidenced by certificate (Recital G, Paragraph 2.6(d) last sentenc)

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