Bella Lago Condominiums, Block I

Key facts from Bella Lago Condominiums, Block I's documents

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

Community type

Condominium (Document title and Section 1.2.12)

Legal name

Arroyo Verde Condominium Homeowners Association, Inc. (Section 2.3)

Units / lots

139 units (101 through 139 inclusive) (Section 2.4)

Developer / declarant

Fountain Summit L.L.C., an Arizona limited liability company (Recitals and Section 1.2.15)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.1)

Special assessments

Special assessments for capital improvements require approval by two-thirds of votes in the Association (voting in person or by proxy). Due 30 days after levy unless otherwise specified. (Section 7.3)

Collections & liens

Unpaid assessments, penalties, and charges are secured by an Assessment Lien per the Condominium Act. Association may foreclose as a realty mortgage or bring personal action. (Sections 7.4.2, 7.4.3)

Reserves & fees

After termination of Declarant Control, assessments shall include reserves for future maintenance, repair, replacement of Common Elements. Reserve study required at least every 3 years. Funds in separate trust account. (Section 7.12)

Pets

Two commonly accepted household pets per unit without prior approval. Additional pets require Board approval. No commercial breeding. Leashing required on common elements. (Section 4.7)

Use restrictions

Units and Limited Common Elements shall be used exclusively for residential use by a single family. No gainful occupation or trade permitted. (Section 4.1)

Voting & meetings

Each unit has one vote. Total votes equal number of units. (Sections 2.7, 6.4)

Amendments

Amendment requires consent of Declarant and approval by a specified percentage of unit owners (generally 67% as referenced in Section 2.1 for this restatement). Detailed in Section 11.5. (Section 11.5 and Section 2.1)

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