Velda Rose Estates Homeowners Association

Key facts from Velda Rose Estates Homeowners Association's documents

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

Community type

homeowners association (Velda Rose Estates Homeowners Association, an Arizona non-profit corporation) (Article I Section 2)

Legal name

Velda Rose Estates Homeowners Association

Units / lots

60 lots (Lots 1,2,4-15,18-63 inclusive) (Recitals (legal description))

Governing law

Arizona Revised Statutes Sections 33-1802, 33-1242, 33-1801 (Article I Section 2, Article IV Section )

Age restriction

Yes. Every Lot must be occupied by at least one person 55 years or older; no occupancy by persons under 18 except as guests (max 60 consecutive days, 90 days/year); surviving spouse exception; medical relocation exception. 80% of Lots must (Article III Section 1.C)

Assessments & dues

Initial maximum $125.00 per Lot for up to first two occupants, plus additional amount not less than one-half of annual assessment for each additional Occupant (Article VI Section 3)

Special assessments

Association may levy special assessment for construction, reconstruction, repair, replacement of Common Area improvements or other Common Expenses; requires assent of majority of Members voting in person or by proxy at a meeting called for (Article VI Section 4)

Collections & liens

Assessments, together with interest, costs, attorneys' fees, other collection expenses and late charges, constitute a continuing lien on the Lot; recording of Declaration perfects lien; further recordation of claim of lien not required; lie (Article VI Sections 1, 8, 9)

Reserves & fees

Non-refundable one-time application fee of $500.00 per Lot to fund the Association; subsequent Owners relieved unless prior unsatisfied delinquencies; does not relieve buyer or seller from transfer fees, disclosure fees or other fees requir (Article VI Section 3)

Leasing & rentals

Leasing of Lot to a Single Family is permitted subject to all provisions of the Declaration (Article III Section 1.A)

Signs & flags

Association may place and maintain signs on Common Area for identification, use and regulation. No specific prohibition on Owner signs. (Article III Section 2.B)

Maintenance

Association maintains Common Areas; Owners maintain their individual Lots (including lawns and plantings). If maintenance or repair of Common Area is necessitated by willful or negligent act of an Owner or their guests, cost added to assess (Article III Section 1.B, Section 2.G)

Use restrictions

Each Lot shall be used, improved and devoted exclusively to Single Family Residential Use (Article III Section 1.A)

Voting & meetings

One vote per Lot owned and for which assessment obligations exist; joint owners must cast as unit; fractional votes not allowed; if joint owners disagree, lose right to vote; if multiple votes cast for same Lot, all void (Article V Sections 2, 3)

Amendments

Declaration may be changed, modified or amended by written instrument setting forth change, provided Board first approves by 2/3 vote and Owners of not less than 50% of Lots consent in writing; instrument recorded; Board officer acknowledgm (Article VII Section 3)

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