Sierra Tempe Homeowners Association

Key facts from Sierra Tempe Homeowners Association's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Recitals: 'nonprofit corporation, Sierra)

Units / lots

384 (Recitals: Lots 1-162 (Unit 1), 163-255 ()

Developer / declarant

CHI Construction Company, an Arizona corporation (Opening paragraph)

Assessments & dues

Maximum $350 per lot through 12/31/95. (Section 6.3)

Special assessments

Permitted for capital improvements with assent of 2/3 of votes of each class. (Section 6.4)

Collections & liens

Association has claim of lien on each Lot for unpaid assessments; may be foreclosed by action in court or power of sale under trust deed. Lien subordinate to first mortgage. Sale under mortgage foreclosure extinguishes prior assessment lien (Sections 6.8(b), 6.9)

Reserves & fees

Interest at 12% per annum or prevailing VA rate, whichever higher, from due date. (Section 6.8)

Pets

Yes, a reasonable number of generally recognized house or yard pets, kept as domestic pets not for commercial purposes. (Section 8.1(m))

Leasing & rentals

Yes, leasing of a Lot with improvements to a single family is permitted subject to all Declaration provisions. (Section 8.1(a))

Parking & vehicles

Vehicles to be kept in garages, carports, driveways, or designated areas. On-street parking intended to be eliminated. (Section 8.1(v))

Fences

Party walls/fences: shared maintenance and repair, obligations defined; walls adjacent to Common Area considered party wall with Association; walls adjacent to street or outside property solely owner's responsibility. (Section 8.1(t))

Architectural approval

Prior approval of Architectural Committee required for any exterior alteration, improvement, excavation, building, fence, wall, color scheme, materials, etc. (Section 8.1(d))

Home business

Not allowed (no gainful occupation). (Section 8.1(a))

Signs & flags

Only name/address sign not exceeding 9" x 30"; one sign up to 5 sq ft for sale/rent; Declarant signs during construction; Association signs allowed. No other signs. (Section 8.1(k))

Maintenance

Owners responsible for maintenance of their Lots and improvements. Association responsible for Common Area maintenance as enumerated in Section 8.2(c). (Sections 8.1(e),(f), 8.2(c))

Insurance

Association shall maintain liability insurance of at least $1,000,000 and directors and officers liability insurance. (Section 9.1)

Use restrictions

All Lots shall be used exclusively for single family residential use. No gainful occupation, profession, trade or other non-residential use. (Section 8.1(a))

Voting & meetings

Two classes: Class A (Owners, one vote per lot); Class B (Declarant, three votes per lot owned until conversion). When more than one owner, only one vote per lot. (Section 5.2)

Amendments

First 30 years: 75% of each class of membership. Thereafter: 2/3 of each class. Declarant may amend for FHA/VA/FHLMC/FNMA requirements. Amendment to Section 8.2(c) requires City of Tempe approval. (Section 10.5)

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