Valle Escondido Homeowners' Association

Key facts from Valle Escondido Homeowners' Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners' Association (HOA) (Article I, Section 1)

Age restriction

Not present

Assessments & dues

Determined annually by Board; not specified in document (Article V, Section 1)

Special assessments

Not explicitly named; 'assessments' included in Board's power (Article V, Section 1)

Collections & liens

Association has a lien on property for unpaid dues, assessments, fees, or fines (pursuant to NMSA 1978, Section 47-16-6.B); full amount becomes lien when first installment due; foreclosure action permitted (Article V, Section 1, paragraph 3 and 4)

Reserves & fees

Capital reserve plan required, reviewed annually, with at least 5-year projections; Finance Committee develops and recommends plan to Board (Article IV, Section 2: 'capital reserve )

Leasing & rentals

Yes, of the whole dwelling, subject to rental policy adopted by Board (Article VII, Section 9: 'does not preven)

Architectural approval

Yes, through Standards for Improvement and Maintenance of Real Property; specific process not detailed (Article VII, Section 7)

Maintenance

Not defined; Association responsible for common areas (roads, ponds, clubhouse, golf course, water system) (Article VII, Section 6)

Use restrictions

Yes; single-family dwellings only; no condominiums, townhouses, duplexes, apartments, boarding houses, or multifamily (Article VII, Section 9: 'No lot ... shal)

Voting & meetings

One vote per property for Full Members current on all fees; membership voting by majority of quorum; Board may vote via proxy, mail, or electronic device on certain issues (Article I, Sections 2, 8; Article II, Se)

Amendments

Bylaws may be amended by two-thirds (2/3) majority of membership present at annual or special meeting; if required, file with NM Secretary of State (Article VIII, Sections 1, 2)

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