Canyon Willow Trop Owners' Association

Key facts from Canyon Willow Trop Owners' Association's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Recital A)

Legal name

CANYON WILLOW TROP OWNERS’ ASSOCIATION

Governing law

Nevada Revised Statutes Chapter 116 (Opening paragraph, Section 1.2, Section )

Assessments & dues

$864 per unit per year ($72 per month) initially, until January 1 after first Unit conveyance. (Section 3.3(a))

Collections & liens

Assessment constitutes a lien on Unit; lien may be foreclosed like a mortgage or by power of sale under NRS 116.31162–116.31168; super priority for 6 months of assessments. (Sections 3.1, 3.9, 3.11, 3.11A)

Reserves & fees

Annual assessments include an adequate reserve fund for periodic maintenance, repair, and replacement of Common Elements and Association Property. (Section 3.1(a))

Pets

Pets allowed subject to Board rules (control of pets mentioned in Section 4.5). (Section 4.5)

Leasing & rentals

Yes, each Owner may lease Unit, provided lease is in writing and tenant bound by documents. (Section 9.5)

Architectural approval

If Board or Committee fails to approve or disapprove within 30 days after submission, approval not required so long as construction conforms to all conditions and restrictions. (Section 5.2)

Home business

Not explicitly addressed in this excerpt.

Signs & flags

Signs subject to architectural control; Declarant may maintain sales and management signs. (Article V and Section 9.2)

Insurance

Owner responsible for deductibles up to $1,000 per occurrence for claims under Association policies. (Section 8.7)

Use restrictions

Residence defined as any dwelling constructed on a Unit in accordance with law and Declaration. (Section 1.34)

Voting & meetings

One vote per Unit owned; Owner/Members vote; Declarant has control period with power to appoint majority of Board. (Section 2.2)

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