The Wells Homeowners Association, Inc.

Key facts from The Wells Homeowners Association, Inc.'s documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Senior Adult Community (Title and Section 3.10)

Legal name

The Wells Homeowners Association, Inc.

Units / lots

499 (Property description: Lots one (1) throu)

Governing law

Arizona Revised Statutes #33-1801 et. al. (WHEREAS clauses and Section 1.18)

Assessments & dues

As of Dec 31, 1999: Class A $63.82/month, Class B $84.08/month, Class C $106.37/month. Yearly: $765.84, $1008.96, $1276.44 respectively. (Note: amounts are monthly) (Section 6.4)

Special assessments

May levy special assessment with consent of at least 67% of Homeowners voting in person or by proxy, after written notice at least 30 days in advance. (Section 6.5)

Collections & liens

HOA has continuing lien against each unit for assessments and other amounts. May record notice and claim of lien after amount is at least 60 days past due. Lien may be foreclosed as real property mortgage under Arizona law. (Section 6.10)

Reserves & fees

Expenses include a reasonable reserve amount for non-budgeted expenses, replacements, repairs and contingencies. (Section 6.4)

Pets

Yes (Section 3.15)

Leasing & rentals

Yes, only an entire unit may be rented, for residential purposes, pursuant to written lease on file with HOA. (Section 3.22)

Parking & vehicles

Buses, boats, trailers and large commercial trucks not allowed on the property. Passenger vehicles (autos, vans, pickup trucks, motorcycles, golf carts) permitted. (Section 3.16)

Architectural approval

Board must approve or disapprove in writing within 30 days after plans and specifications submitted; otherwise approval waived (provided change complies with other CC&R requirements). (Section 8.2)

Maintenance

HOA maintains common area (including private streets, landscaping, recreational facilities). Owner maintains lot and unit (cleaning, painting, repair, pest control, underground cables on lot). (Sections 7.1, 7.4)

Insurance

HOA must obtain hazard insurance on common area improvements at 100% replacement cost. Also comprehensive public liability policy of at least $1,000,000 per occurrence. (Section 9.1A, 9.1B)

Use restrictions

All lots limited to single-family residences. No structure other than one private single-family manufactured home plus permitted structures. (Section 3.1)

Voting & meetings

Class A, Class B, Class C lots each entitled to one vote. Units owned by corporations, family trusts, or non-residents: one vote with proxy on file at least 10 days prior. (Section 5.3)

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