Fiesta II

Key facts from Fiesta II's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Definition 1.3)

Governing law

New Mexico Homeowner Association Act (Chapter 47, Article 16 NMSA 1978) (Section 1.10)

Assessments & dues

Initial prorated amount of $30.00 per month through December 31, 2021 (Section 8.8)

Special assessments

May be levied to cover unbudgeted or excess expenses; after Declarant Control Period requires 67% Member vote and Declarant consent if still owns property (Section 8.5)

Collections & liens

Association has lien for delinquent assessments, superior except taxes and first mortgages; may foreclose judicially (Section 8.7)

Reserves & fees

Board annually prepares reserve budget and sets capital contribution (Section 8.4)

Pets

Reasonable number of dogs, cats, or other usual and common household pets permitted (Section 10.2(b)(ii))

Leasing & rentals

Owner may lease Lot; by leasing, Owner assigns use rights to lessee (Section 2.1)

Architectural approval

Approval of Architectural Control Committee required for any structure or improvement, including site work and alterations (Section 9.1)

Insurance

Reasonable deductible treated as Common Expense; may be assessed to Owner if negligence or willful misconduct (Section 6.1(b))

Use restrictions

Properties shall be used only for residential, recreational, and related purposes (Section 10.2(a))

Voting & meetings

One vote per Lot, Members are Owners (Section 3.4)

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