AndersH (Arizona)
Posts: 30
Posts: 30
Posted:
I am a former board member and now "A Historian" for a 108 Condo Community in Arizona. A Mortgage Loan Officer with UsBank is asking for our HOA Private Road Agreement. We have one street 1/2 mile long which the Association owns and maintain. I have not come across anything in our community covering "HOA Private Road Agreement" Our CC&R's reads in part of ARTICLE V, MAINTENANCE AND REPAIR OF COMMON ELEMENTS AND UNITS.
5.0 Duties of the Association. The Association shall maintain, repair and make necessary improvements to all Common Elements. Without limitation, the Association shall be responsible for maintaining the exteriors of all Residential Dwellings, private streets and drives, privacy gates, parking areas, sidewalks, landscaping, lighting and light fixtures in the Common Elements, and recreational areas, if any.
My questions:
1. Do we need a "HOA Private Road Agreement" as the street maintenance, repair and improvements are covered by the Association?
2. In what situation is a "HOA Private Road Agreement" used?
Any help on this will be appreciated.
Best regards,
Anders
5.0 Duties of the Association. The Association shall maintain, repair and make necessary improvements to all Common Elements. Without limitation, the Association shall be responsible for maintaining the exteriors of all Residential Dwellings, private streets and drives, privacy gates, parking areas, sidewalks, landscaping, lighting and light fixtures in the Common Elements, and recreational areas, if any.
My questions:
1. Do we need a "HOA Private Road Agreement" as the street maintenance, repair and improvements are covered by the Association?
2. In what situation is a "HOA Private Road Agreement" used?
Any help on this will be appreciated.
Best regards,
Anders