Summerfield Place IV

Key facts from Summerfield Place IV's documents

Community type

Covenant / Planned Community

Legal name

Summerfield Place IV

Units / lots

42 initial (Lots 1 through 42), plus future annexation possible (Declaration paragraph and Plat reference)

Developer / declarant

Curtis Land Holdings, Inc., an Arizona corporation (Background A)

Assessments & dues

Established by Board initially for base year ending Dec 31, 2004; thereafter adjusted annually (Section 4.3)

Special assessments

Levied for construction, repair, replacement of Common Area or Areas of Association Responsibility, or extraordinary expenses; requires 2/3 vote of members (Section 4.4(a))

Reserves & fees

Annual assessments may include reserve fund for taxes, insurance, maintenance, replacements (Section 4.2)

Leasing & rentals

Yes, but subject to restrictions in Section 8.13 (Section 8.13)

Parking & vehicles

Not explicitly prohibited but impliedly limited by parking rules (Not directly; general restrictions)

Home business

Restricted (Section 8.2 Business and Related Uses) (Section 8.2)

Signs & flags

Not explicitly mentioned (Not provided)

Setbacks / home size

Referenced in Section 8.26 but not specified; likely as per plat or City requirements (Section 8.26)

Maintenance

Owner responsible for roof maintenance (Section 5.3(iii) includes roofs)

Insurance

Reasonable deductible not higher than permitted by Institutional Guarantor; deductible paid by responsible party (Section 6.2(e))

Use restrictions

Prohibited (Section 8.4 Restricted Activities)

Voting & meetings

Class A: one vote per Lot for all Owners except Declarant; Class B: three votes per Lot for Declarant until conversion (Section 3.2)

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