Rancho Valencia

Key facts from Rancho Valencia's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.10 (Association definition))

Legal name

Rancho Valencia Homeowners Association

Units / lots

At least 7 (Lots 1-7 referenced) (Sections 4.1.3-4.1.8)

Developer / declarant

KRG, CORP., an Arizona corporation (Introduction)

Assessments & dues

Determined by Board each Assessment Period based on budget divided by total Lots. (Sections 7.2, 7.3)

Special assessments

Levied with assent of 2/3 of votes cast at meeting called for that purpose. (Section 7.4)

Collections & liens

Assessment Lien on each Lot, priority subject to tax liens and first mortgage. Association may foreclose. (Sections 7.1, 7.8)

Reserves & fees

Up to $15.00 or 10% of unpaid assessment, whichever greater. (Section 7.8.1)

Voting & meetings

Class A members (all Owners except Declarant): 1 vote per Lot; Class B member (Declarant): 3 votes per Lot. (Section 6.7)

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