Ryan Estates

Key facts from Ryan Estates's documents

Community type

Covenant / Planned Community

Legal name

Ryan Estates Homeowners Association (Article 1.5)

Developer / declarant

Ryan Development, L.L.C., an Arizona limited liability company (Article 1.11)

Governing law

State of Arizona (Article 1.3 (Articles of incorporation),)

Assessments & dues

Board prepares and adopts an estimated annual budget, which includes Common Expenses, reserves, and contingencies. Annual Assessments are then levied based on that budget. (Article 8.5)

Special assessments

Yes; for casualty losses (5.3.2), for misconduct (8.10), and Use Assessments for disproportionate services or contracted services (8.7). Also additional Annual Assessments may be levied. (Articles 5.3.2, 8.7, 8.10)

Collections & liens

Lien created for all Assessments; prior and superior to all liens except taxes and first position lien. Foreclosure in manner of mortgages. Association may sue for money judgment without waiving lien. (Article 8.3)

Use restrictions

Property used only for residential, recreational and related purposes; no business, commercial, manufacturing, etc., except Declarant's construction and sales activities for up to 10 years from first conveyance. (Article 10.1)

Voting & meetings

Class A: one vote per Lot for each Owner other than Declarant. Class B: three votes per Lot for Declarant until conversion. Joint owners must designate one voter; otherwise Board may designate or votes not counted. Voting rights appurtenant (Articles 3.1, 3.3, 3.4)

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