Royal Ranch Homeowners Association

Key facts from Royal Ranch Homeowners Association's documents

Community type

Homeowners Association

Legal name

Royal Ranch Homeowners Association

Developer / declarant

Fulton Homes Corporation, an Arizona corporation (Declaration Introduction)

Governing law

Arizona Nonprofit Corporation Act (Articles of Incorporation, Article V)

Assessments & dues

Regular Assessments established by the Board (Declaration, Section 7.2 (referenced in )

Special assessments

Special Assessment defined as assessment levied pursuant to Section 7.3; specific approval requirements not visible in provided text. (Declaration, Section 1.38)

Reserves & fees

Common Expenses may include allocations to reserves determined by Board (Declaration, Section 1.14)

Home business

Business allowed within Residence under conditions: not apparent outside, legal, no customers coming to lot, no employees non-resident, no hazardous materials, etc. Leasing of Residence not considered a business. (Declaration, Section 4.1)

Use restrictions

All Lots and Residences shall be used, improved and devoted exclusively to residential use. (Declaration, Section 4.1)

Voting & meetings

Members (Owners of Lots) have voting rights as set forth in Community Documents; initially two classes of membership; Eligible Votes defined as total votes entitled to be cast; amendment of Articles requires 2/3 of Eligible Votes; dissoluti (Articles of Incorporation, Articles II, )

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