Thompson Ranch

Key facts from Thompson Ranch's documents

Community type

Covenant / Planned Community

Developer / declarant

Taylor Woodrow/Arizona, Inc.

Governing law

Arizona law (A.R.S. §33-1809 referenced in text) (Section 5.6(C), page 17)

Assessments & dues

Maximum $500 per Lot until January 1 of year following first conveyance; thereafter increased automatically by greater of 10% of prior year max or CPI-based increase, plus utility/insurance increases, but not more than 20% year-to-year with (Section 4.3(G), pages 10-11)

Special assessments

May be levied for capital improvements or other lawful purposes with assent of 2/3 of votes cast (in person or by proxy) at a meeting called for that purpose; uniform rate for all Lots. (Section 4.4, page 11-12)

Collections & liens

Delinquent assessments become a continuing lien (Assessment Lien) on Lot; Association may record Notice of Claim of Lien and foreclose like a mortgage; lien subordinate to First Mortgages. (Section 4.7, 4.8, pages 13-14)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of improvements to Common Area (Section 4.10). Additional payments into reserve from working capital fee (Section 4.13). (Section 4.10, page 14; Section 4.13)

Pets

Yes, dogs, cats or other common household pets (types/breeds determined acceptable by Board) may be kept, not for commercial purposes, not in unreasonable numbers. (Section 5.16, page 19)

Leasing & rentals

Yes, any lease or rental agreement must be in writing and subject to Declaration; must be for entire residence and Lot; minimum term of thirty (30) days. (Section 5.15, page 19)

Parking & vehicles

Temporary parking allowed on street directly adjacent to Lot only; overnight on-street parking prohibited. (Section 5.5, page 16)

Architectural approval

Yes, prior written approval of Architectural Committee required for any excavation, grading, construction, installation, addition, alteration, repair, change or other work altering exterior appearance. (Section 5.22(A)-(C), pages 21-22)

Home business

Home businesses permitted if in accordance with applicable municipal ordinances for home business in residential districts. (Section 5.1, page 15)

Signs & flags

US and Arizona flags allowed; must be on pole attached to residence, pole no higher than top of residence, max 10 ft from edge, flag max 24 sq ft, lighting not violating Section 5.28, maintained in good condition. Flag of another nation on (Section 5.29, page 24)

Use restrictions

All Lots shall be improved and used only for Single Family Residential Use. (Section 5.1, page 15)

Voting & meetings

Class A (all Owners except Declarant) – 1 vote per Lot; Class B (Declarant) – 3 votes per Lot, terminates upon 75% lots sold to Purchasers, 7 years after first conveyance, or Declarant relinquishes in writing. (Section 3.7, page 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.