Terraza Moderna Homeowners Association

Key facts from Terraza Moderna Homeowners Association's documents

Community type

HOA (Article I, Section 8 (Association is a n)

Legal name

Terraza Moderna Homeowners Association (Article I, Section 8)

Developer / declarant

Fort Glenn, an Arizona limited liability company (Article I, Section 17)

Assessments & dues

Set by the Board; initial amount until January of the year following filing of Articles of Incorporation includes expenses and reasonable reserve funds. (Article VII, Section 5(a))

Special assessments

May be levied for capital improvements or extraordinary expenses with assent of two-thirds (2/3) of votes of each class of Members voting in person or by proxy. (Article VII, Section 6)

Collections & liens

Each Annual Assessment, Special Assessment, and Maintenance Charge, together with interest, late fees, costs, and reasonable attorney's fees, is a charge on the Lot and a continuing lien. The Association may foreclose the lien in accordance (Article VII, Section 1; Article VIII, Se)

Reserves & fees

Annual Assessment includes a reasonable amount for reserve funds. (Article VII, Section 5(a))

Pets

Yes, but only domestic pets, kept, bred or raised solely as domestic pets and not for commercial purposes. No animal, bird, fowl, poultry, or livestock that constitutes a nuisance or unreasonable number. (Article IV, Section 2(b))

Leasing & rentals

Not explicitly prohibited; however, a Lot may be rented only to a single family. Leasing a residence is not considered a business activity. (Article IV, Section 2(n) and Section 3)

Parking & vehicles

All vehicles of Owners, Residents, guests and invitees must be kept in garages, carports, and residential driveways constructed per approved plans, and other designated parking areas approved by ARC. (Article IV, Section 2(t))

Fences

All walls, fences, gates and security bars shall be the same as originally issued and sold by the Developer. No party walls shall be constructed without prior approval of the Architectural Review Committee. Walls and fences may not be locat (Article IV, Section 2(p), (z), (aa))

Architectural approval

All new improvements, additions, changes, alterations, landscaping, exterior color schemes, and changes in grading require prior written approval of the Architectural Review Committee. (Article IV, Section 2(a))

Solar & roof

Solar energy systems allowed in some form, but kind, location and screening must be approved by the Architectural Review Committee to minimize visual impact. (Article IV, Section 2(l))

Home business

Allowed if: (i) not apparent/detectable by sight/sound/smell from outside; (ii) conforms to zoning; (iii) no door-to-door solicitation; (iv) compatible with residential character; (v) conducted only inside residence; (vi) no more than one e (Article IV, Section 3)

Signs & flags

No signs visible from neighboring properties except: (i) required by proceedings; (ii) one identification sign; (iii) one 'For Sale'/'For Lease' sign (with restrictions during Declarant/Developer ownership); (iv) signs approved by ARC; (v) (Article IV, Section 2(n))

Maintenance

Association maintains Common Areas. Owners maintain their Lots, including landscaping and painting portions of party fences facing their Lot. (Article X, Section 1; Article IV, Sectio)

Use restrictions

All Lots shall be used, improved, and devoted exclusively to single-family residential use. (Article IV, Section 3)

Voting & meetings

Two classes: Class A (all Memberships except Class B) - one vote per Membership; Class B (held exclusively by Declarant) - Declarant deemed to hold six (6) Class B Memberships. Class B converts to Class A upon first to occur of: (a) Declara (Article VI, Section 3)

Amenities

No specific amenities (pool, clubhouse, etc.) are mentioned in the provided text.

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