White Horse

Key facts from White Horse's documents

Community type

Covenant / Planned Community

Developer / declarant

WHITE HORSE 50, LLC

Governing law

Arizona Revised Statutes (A.R.S.) (References to A.R.S. §33-741 et seq., §3)

Assessments & dues

Maximum $2,220 per Lot until first conveyance; then increases by greater of 5% or CPI (Section 4.3)

Special assessments

Requires affirmative vote of Declarant (while Class B exists) and 2/3 of Class A votes present (Section 4.4)

Collections & liens

Assessment Lien on each Lot, superior except taxes and first mortgage; personal obligation of owner at time due (Section 4.1)

Reserves & fees

Required; reserve study every 4 years by independent consultant; cash flow projections (Section 4.2D)

Architectural approval

Architectural Control Committee approval required for Exterior Alterations, construction, etc. (Article 7 (referenced) and Section 7.1, )

Use restrictions

Improper maintenance that constitutes a public or private nuisance or detracts from appearance is prohibited (Section 3.8)

Voting & meetings

Class A: one vote per Lot; Class B (Declarant): five votes per Lot owned (Section 2.4)

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