Vintage II

Key facts from Vintage II's documents

Community type

Covenant / Planned Community

Developer / declarant

Arizona Land Holdings LLC (Article I, Section 8)

Assessments & dues

Maximum $600 per Lot until January 1, 2003; thereafter may increase up to 15% per year without vote, or by majority vote for greater increase. (Article VI, Section 3)

Special assessments

May be levied for capital improvements, with assent of two-thirds (2/3) of votes cast by Voting Owners at a meeting. (Article VI, Section 4)

Reserves & fees

Public Purchaser shall pay transfer fee established by Board; Association may charge a reasonable fee for providing documents under A.R.S. 33-1806.A. (Article IV, Section 5)

Leasing & rentals

Leasing of a Dwelling Unit by Owner is not considered a trade or business, implying leasing is permitted. (Article VIII, Section 2(? — Residential )

Parking & vehicles

Only vehicles in operating condition may be parked in residential driveways; non-operating vehicles not permitted unless repairs are imminent. (Article VIII, Section 2(? — Trailers and)

Architectural approval

Approval required for any Improvement visible from neighboring property, including buildings, fences, walls, landscaping, color changes, etc. (Article VIII, Section 2(d) — Architectur)

Use restrictions

All Dwelling Units shall be used exclusively for residential use by a Single Family. (Article VIII, Section 2(? — Residential )

Voting & meetings

Class A Members (all Owners except Declarant) have one vote per Lot; Class B Member (Declarant) has three votes per Lot owned. Class B converts to Class A upon sale of a Lot or when Class A votes equal/exceed Class B, or by December 31, 201 (Article V, Section 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.