La Verne

Key facts from La Verne's documents

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

Community type

Condominium

Legal name

La Verne, A Condominium

Units / lots

261 (Section 2.6 (fraction 1/261))

Governing law

Arizona Condominium Act (A.R.S. §33-1201 et seq.) (Article 1, Section 1.1)

Assessments & dues

Not fixed; set by Board in annual budget based on estimated Common Expenses. (Section 7.2.1)

Special assessments

Allowed for capital improvements or other lawful purposes; requires approval of Unit Owners representing two-thirds (2/3) of votes in Association voting in person or by proxy at a meeting. (Section 7.3)

Reserves & fees

Budget must include amounts for general operating reserves and reserves for contingencies and replacements. (Section 7.1.1(iv))

Pets

Yes, but only Permitted Pets as defined: household bird or dog or cat not more than 20 pounds. Maximum two (2) per Unit. (Section 4.7)

Leasing & rentals

Yes, but a Unit Owner may lease only his entire Unit. (Section 4.19)

Architectural approval

Yes; Board approval required for structural additions/alterations, any exterior change visible from outside, and any addition/alteration to Common Elements. Nonstructural interior changes do not require approval. (Section 4.4)

Maintenance

Unit Owner liable for damage to Common Elements or Improvements caused by his negligence or willful conduct. (Section 5.3)

Insurance

Association shall maintain property insurance on Common Elements and Units (exclusive of improvements installed by owners) under 'All Risk of Direct Physical Loss Form' at maximum insurable replacement value. (Section 8.1.1(i))

Use restrictions

All Units used exclusively for residential purposes. (Section 4.1)

Voting & meetings

Each Unit has one vote. Total votes equal number of Units. (Section 2.7)

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