Villa Monterey, Units Five and Five A

What Villa Monterey, Units Five and Five A's governing documents say

Villa Monterey, Units Five and Five-A is a restricted residential subdivision in Scottsdale, Arizona (99 lots). Homes must be owner-occupied only—no rentals permitted. Individual homes cannot be sold to anyone with children under age 16 living with them. No business activities of any kind are allowed on any lot.

• Owner-occupancy requirement: All homes must be owner-occupied; rental leasing of any kind is prohibited.
• Age-based purchase restriction: A home cannot be sold to or owned by anyone with children under age 16 living with them.
• Business activities: No commercial business, home business, or any business requiring a license is permitted. Businesses that disturb neighbors' quiet enjoyment are also prohibited.
• Annual assessments: Assessments were $550 per unit in 2011, with an aggregate cap of $750 per unit per year. Increases beyond this cap require written consent of a majority of owners.
• Restrictions duration & amendment: These covenants run for 10 years from the 2010 amendment, then automatically renew for successive 5-year terms. A 3/4 vote of owners can revoke or amend the restrictions.
• What this document doesn't cover: This is a 2010 amendment to a 1965 declaration (as further amended in 1980 and 2000). Other rules from the original declaration—such as architectural standards, pet policies, or amenity descriptions—remain in effect but are not shown here.

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.