Saguaro/Sterling Condominiums

Key facts from Saguaro/Sterling Condominiums's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 2, submission of property)

Legal name

SAGUARO/STERLING CONDOMINIUMS UNIT #1 HOMEOWNERS ASSOCIATION, INC.

Developer / declarant

SAGUARO/STERLING CONDOMINIUMS UNIT #1 HOMEOWNERS ASSOCIATION, INC. (Exordium)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Article 1, 1. General Definitions)

Assessments & dues

Board adopts budget and assesses common expenses equally per unit (50% each) (Section 2.2, Article 7, Bylaws Article V)

Collections & liens

Association may file liens and foreclose for unpaid assessments (Bylaws Article IV Section 3(c); Declarat)

Reserves & fees

Assessments may include reserves for replacements and impounds (Bylaws Article VI Section 1)

Architectural approval

Architectural Committee established; also subject to Fountain Hills Committee of Architecture; most restrictive governs (Section 6.3 and Section 4.12)

Signs & flags

Declarant may maintain advertising/sales signs on Common Elements; owners not mentioned (Section 3.3(A))

Use restrictions

Each Unit and Limited Common Elements shall be used exclusively for residential use by a Single Family (Article 4, first sentence)

Voting & meetings

One vote per unit (Section 2.3)

Amendments

Generally requires 100% unit owner vote; declarant may amend during control period to comply with law or correct errors; certain amendments require mortgagee approval (Section 10.4; Article 9.1)

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