The Wells Homeowners Association, Inc.

Key facts from The Wells Homeowners Association, Inc.'s documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Senior Adult Community (Title and Section 3.10)

Legal name

The Wells Homeowners Association, Inc.

Units / lots

499 (Property description: Lots one (1) throu)

Governing law

Arizona Revised Statutes #33-1801 et. al. (WHEREAS clauses and Section 1.18)

Assessments & dues

As of Dec 31, 1999: Class A $63.82/month, Class B $84.08/month, Class C $106.37/month. Yearly: $765.84, $1008.96, $1276.44 respectively. (Note: amounts are monthly) (Section 6.4)

Special assessments

May levy special assessment with consent of at least 67% of Homeowners voting in person or by proxy, after written notice at least 30 days in advance. (Section 6.5)

Collections & liens

HOA has continuing lien against each unit for assessments and other amounts. May record notice and claim of lien after amount is at least 60 days past due. Lien may be foreclosed as real property mortgage under Arizona law. (Section 6.10)

Reserves & fees

Expenses include a reasonable reserve amount for non-budgeted expenses, replacements, repairs and contingencies. (Section 6.4)

Pets

Yes (Section 3.15)

Leasing & rentals

Yes, only an entire unit may be rented, for residential purposes, pursuant to written lease on file with HOA. (Section 3.22)

Parking & vehicles

No vehicles shall be parked on any street overnight. (Section 3.17)

Fences

No fences or walls on any lot except the perimeter wall surrounding the property. Perimeter wall and originally constructed retaining/grade walls shall not exceed original height unless approved in writing by Board. (Section 3.24)

Architectural approval

No improvement of any type shall be commenced without written approval of Board (or designated Architectural Review Committee). Includes buildings, antennas, fences, awnings, skirting, storage rooms, additions, exterior changes, landscaping (Section 8.1)

Solar & roof

Roofing must be asphalt shingle, simulated tile, or other certified roofing approved by Board. No metal roofing. Board has right to adopt rules concerning color schemes affecting outside appearance. (Sections 3.9, 7.3)

Home business

No commercial activity involving solicitation of Members or non-Members into The Wells. No gainful employment for commercial activities other than those limited to HOA and its Members. Exceptions in Rules & Regulations. (Section 3.12)

Signs & flags

No advertising signs (including For Sale, For Lease, For Rent), billboards or unsightly objects on any unit or lot except as specifically permitted by Rules and Regulations. Signs in common area must be approved by Board. (Section 3.13)

Maintenance

HOA maintains common area (including private streets, landscaping, recreational facilities). Owner maintains lot and unit (cleaning, painting, repair, pest control, underground cables on lot). (Sections 7.1, 7.4)

Insurance

HOA must obtain hazard insurance on common area improvements at 100% replacement cost. Also comprehensive public liability policy of at least $1,000,000 per occurrence. (Section 9.1A, 9.1B)

Use restrictions

All lots limited to single-family residences. No structure other than one private single-family manufactured home plus permitted structures. (Section 3.1)

Voting & meetings

Class A, Class B, Class C lots each entitled to one vote. Units owned by corporations, family trusts, or non-residents: one vote with proxy on file at least 10 days prior. (Section 5.3)

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