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Shareholder and Buyer Information
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On June 7, 2011 Villa Monterey 5/5A became a Historic Preservation District.  

Any buyer and/or listing realtor should be aware of our Declaration of Restrictions (CC&R's) since they outline certain restrictions concerning home ownership in Villa Monterey 5/5A. Buyers should read the Prospective Buyer Letter at the end of this page and be sure to send the three documents mentioned to Monterey Park Association's address at least seven days before close of escrow.  

Please note the following restrictions: The specific language is in the CC&R's, and one can refer to the written document by clicking on the Declaration of Restrictions link below.

Every new buyer must provide the Association with three items: 1) a signed Affidavit of Age, 2) a contact sheet, and 3) a copy of the new owners' driver's license(s).  After receipt of the 3 documents, the Real Estate Chair sends the title company approval to close escrow.  A $400 transfer fee and the $280 working capital improvement fee are then sent to the Association. 
Please make check payable to Monterey Park Association and mail to 7816 East Highland, Scottsdale, Arizona 85251. 

Please note the following:

- At least one owner of the residence must be 55 years or older.  

- Residences are to be owner occupied, not rented, leased, or loaned to non-owners, In addition, if the home is occupied, at least one of the residents must be 55 or older. An owner must be in residence when "guests" are visiting the home. If such is not the case (for example a pet sitter while owners are away), then, the Board of Directors must receive prior notice. 

- Under no circumstances can anyone under the age of eighteen be a resident of the home. Resident is defined as anyone who is making the home their current permanent full or part-time dwelling. 

- It is permitted to have a home-based business that is computer based, or a business with minimal traffic. Businesses that require the clients to visit the home on a regular basis are not allowed. 

- Homeowners’ annual assessment (dues) are $560 for 2021. Dues cover expenses for maintaining common areas, including the pool and clubhouse facilities. The Board of Directors may review the annual assessment from time to time, and can increase or decrease it, though the amount of any increase is limited to 20% of the dues in affect at that time. Larger dues increases and special assessments require a majority vote of all members. 

- Lampposts on the property are to be maintained by the homeowner. However for uniformity, all lampposts are to be painted black and are designed in the same fashion. The light bulbs and sensors for the lampposts are provided by the Association. If yours is not working, please email the Board. 


For any questions on real estate issues, contact montereyparkassociation@yahoo.com.
To all buyers, shareholders and realtors:
>>> Scroll down to links of CC&R's and other pertinent documents.
ATTENTION :  
All Listing Realtors, please review the Letter for Realtors so that you are aware of the guidelines of our community.  When you have a contract, please notify the Board of Directors through our email address. 
Monterey Park Association Original Articles of Incorporation, 1965
Monterey Park Association Original Articles of Incorporation, 1965
Rules Attached to ByLaws
Rules Attached to ByLaws
HOA_Expenses Jan-Dec2020
HOA_Expenses Jan-Dec2020
Certificate of Insurance for HOA
Certificate of Insurance for HOA
REALTOR LETTER
REALTOR LETTER
Amended and Reinstated Bylaws
Amended and Reinstated Bylaws
CC & R's  (Declaration of Restrictions) 2015 Amended and Restated
CC & R's (Declaration of Restrictions) 2015 Amended and Restated
Prospective Buyer Letter
Prospective Buyer Letter
Shareholders' Contact Sheet
Shareholders' Contact Sheet
Age and Residency Certification
Age and Residency Certification
Current Reserve Study
Current Reserve Study
If you have a question not addressed on this site, or a technical problem with the site, please contact us at montereyparkassociation@yahoo.com.