The Oasis at Gainey Ranch Condominium

Key facts from The Oasis at Gainey Ranch Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title ('Declaration of Condominium'))

Legal name

The Oasis At Gainey Ranch Condominium Association, Inc. (Preamble)

Units / lots

Initially 18, maximum 86 after development rights (Section 3.01 (18 units) and Section 3.11)

Developer / declarant

MARKLAND PROPERTIES, INC., an Arizona corporation (Preamble and Section 1.13)

Governing law

A.R.S. § 10-3708 (Recital E)

Assessments & dues

Board adopts annual budget estimating Common Expenses and sets regular Assessment per Unit; equal for all Units; Owners have no right to ratify budget (Section 6.03, Section 6.05)

Special assessments

May be levied for costs to bring owner into compliance, or for other charges designated in documents; includes attorneys' fees, interest (Section 6.08)

Collections & liens

Assessments secured by continuing lien on Unit; personal obligation of Owner; Association may bring action at law or foreclose lien; costs and attorneys' fees added (Section 6.01, Section 7.04, Section 7.05)

Reserves & fees

Association shall maintain adequate reserve fund for periodic replacement of Common Elements, funded as part of monthly Assessments; surplus may be retained as additional reserves (Section 5.12, Section 6.10)

Parking & vehicles

Vehicles must be parked in garages (customary parking) except temporary parking for loading/unloading; no parking elsewhere; garages must remain closed except when entering/exiting; visitor parking spaces subject to Association rules (Section 9.05)

Signs & flags

No signs except those required by legal proceedings, one house number identification (max 72 sq in), or signs approved by Board and Master Association architectural committee; Declarant may use reasonable signs during sales (Section 9.02)

Use restrictions

No noxious or offensive activity; no activity that is an annoyance or nuisance to Owners or Occupants, interferes with quiet enjoyment, or increases insurance rates (Section 9.03)

Voting & meetings

One vote per Unit; Class A (owners) and Class B (Declarant) with special control rights; cumulative voting for Board (Section 5.03, Section 5.04)

Amendments

Amendments require vote or agreement of Owners of Units to which at least 67% of votes are allocated (Article XVIII, Section 18.04)

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