Carriage Trails Homeowners Association

Key facts from Carriage Trails Homeowners Association's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.6 'Association')

Developer / declarant

Tom Tait Money Purchase Pension Plan and Trust and Carriage Trails Limited Partnership (collectively Tait/CTLP) (Preamble)

Governing law

Arizona Revised Statutes (implied) (References to Arizona law throughout)

Assessments & dues

Determined annually by Board based on budget; subject to Maximum Annual Assessment per Section 8.7. (Section 8.5, 8.7)

Special assessments

Permitted per Section 8.9, requires vote of Members (subject to notice and quorum per Section 8.8). (Section 8.9)

Collections & liens

Assessments become a lien on the Lot, enforceable in like manner as a mortgage (Section 8.3). (Section 8.3)

Reserves & fees

Excess insurance proceeds may be placed in reserve account for contingencies or capital improvements. (Section 5.3.2)

Pets

Pets are allowed but subject to Section 10.19. (Section 10.19)

Leasing & rentals

Leasing allowed; Owner shall comply with Section 10.20 and obligations of tenants. (Section 10.20)

Fences

Fences, interferences, and obstructions subject to Section 10.15. (Section 10.15)

Architectural approval

Architectural Committee approval required for any improvement or alteration to a Lot. (Article 9, Section 9.2, 9.4)

Signs & flags

Subject to restrictions in Section 10.5. (Section 10.5)

Maintenance

Association maintains Common Area. Owner maintains structures on Lot (including exterior). Party walls shared per Article 11. (Article 4, 4.1, 4.2, Article 11)

Insurance

Hazard deductible ≤ lesser of $10,000 or 1% of face amount. Flood deductible ≤ lesser of $5,000 or 1% of face amount. (Section 5.1.1(e), 5.1.3)

Use restrictions

Lots shall be used for residential and recreational purposes only. (Section 10.1)

Voting & meetings

Each Owner has one vote per Lot. Class B (Declarant) has three votes per Lot. Two classes: Class A and Class B. (Section 3.1, 3.3)

Amendments

Requires affirmative vote of two-thirds of votes of each class of Members (unless otherwise provided) and may require approval of Eligible Mortgage Holders. (Section 12.2)

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