The Lost Arrow Estates

Key facts from The Lost Arrow Estates's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Lost Arrow Estates

Developer / declarant

The Lost Arrow Estates, an unincorporated association (Declaration made by ... declarant)

Governing law

A.R.S. §§ 33-1211 et seq. (Recitals B)

Assessments & dues

Board determines at first meeting and annually thereafter; estimates net charges including contingencies and replacements (Bylaws Article IV Section 2)

Special assessments

Allowed for capital improvements with unanimous consent of members (Bylaws Article IV Section 3)

Collections & liens

Unpaid assessments become a lien on the unit; may be foreclosed in same manner as mortgage; lien effective on recordation of notice; personal obligation of owner (Bylaws Article IV Sections 5-7)

Reserves & fees

Budgets include reserves; board may include provision for replacements (Bylaws Article IV Section 2 (contingenci)

Voting & meetings

One vote per unit; if multiple owners, vote cast by one person (Bylaws Article I Section 2)

Amendments

By unanimous vote of board, approval by city of Fountain Hills, recordation (Article VI Section 5)

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