It should be noted that Pinnacle Peak Ranchos Property Owners Association (PPR POA) is organized as a non-profit corporation (not a planned community). This may have potential ramifications in terms of the form(s) to be used in a real estate sales contract package. This form should be submitted to the treasurer as soon as possible to expedite sales transfer.

The State of Arizona requires that all property sales/transfer contracts contain the Seller’s Notice of HOA Information in order for the title company to obtain the information needed to complete the sale and convey to the POA the information needed to transfer ownership of the property in the POA’s records.

The State of Arizona sets forth the following rights & obligations for the Seller(s), Buyer(s) and for the POA:

Seller’s Rights & Obligations:

1. Seller shall furnish notice of pending sale that contains the name and address of the Buyer to Pinnacle Peak Ranchos’ POA within five (5) days after Contract acceptance and pursuant to Section 3d of the Contract. This is normally done on behalf of the Seller(s) by the title company handling the closing via a Seller’s Notice of HOA Information form.

2. Seller’s account with the POA must be in good standing with a $0 balance due in order for the POA to approve the sale/transfer of ownership. All invoices must be paid in full, as well as any late fees and interest charges that may have accrued in the past.

3. Depending on the specifics of the Sales Contract, either the Buyer or Seller are responsible for the payment of the following transfer charges (in addition to Point 2 above clearing any outstanding balances must be paid prior to closing):

• Any current year assessment not yet billed ($300 annually)
• Transfer fee of $500
• Statement of Account fee of $25
•  Any addition, alteration, improvement, etc. to the property that becomes known to the POA as a result of the sale and that was not previously submitted to and approved by the Architectural Review Committee will require the Seller to submit the Architectural Review Committee Submittal Form, along with the relevant review fee to the ARC for approval prior to closing.

4. Seller must cure any outstanding Bylaw and/or CC&R violations prior to closing. See above for required action for non-approved additions, alterations, improvements.

Buyer’s Rights & Obligations:

1. The Buyer is allowed five (5) days after receipt of the information from the Seller(s) or homeowner’s association to provide written notice to Seller of any items disapproved.

2. The Buyer must provide Pinnacle Peak Ranchos POA with a completed Request for Updated Information Form (or digitally) filled out with the Buyer’s contact information.

3. Depending on the specifics of the Sales Contract, either the Buyer or Seller are responsible for the payment of the following transfer charges (in addition to Point 2 above clearing any outstanding balances that must be paid prior to closing):

• Any current year assessment not yet billed ($300 annually)
•  Transfer fee of $500
• Statement of Account fee of $25

Information to be Provided to the Buyer(s) by the POA:

The POA is obligated by Arizona law to provide the below listed information to the Buyer(s) within ten (10) days after receipt of Seller(s) notice. Normally the title company uses their own internally generated form with specific questions to obtain the information needed to prepare closing documents.

In addition, the Buyer(s) will need to be provided with POA documentation, which is conveniently located on our website via the below links.

1. Pinnacle Peak Ranchos’ Bylaws. Click here to view and print a copy of Pinnacle Peak Ranchos’ Bylaws.

2. A copy of the declaration of Covenants, Conditions and Restrictions (“CC&Rs”). Click here to view and print a copy of Pinnacle Peak Ranchos’ CC&Rs.

3. A dated statement of account detailing any balances to be cleared prior to POA transfer approval:

The telephone number and address of a principal contact for the POA, which may be an association manager, an association management company, an officer/board member of the association or any other person designated by the Board of Directors.

The amount of the annual POA assessment and any unpaid assessments due on the property, special assessment or other assessment, fee or charge currently due and payable from the Seller(s).

It’s important to note that properties cannot be sold/transferred until all outstanding amounts due to the Pinnacle Peak Ranchos POA are paid in full.

Please Note:  There is no insurance coverage provided by the Pinnacle Peak Ranchos POA to its members since there are no common areas nor POA-provided facilities in the Pinnacle Peak Ranchos community.

The Seller must furnish a statement as to whether the he/she has any knowledge of any alterations or improvements to the property that violate the Bylaws or CC&Rs or that were not previously submitted to and approved by Pinnacle Peak Ranchos’ ARC (Architectural Review Committee).

All additions, alterations, outbuildings, pools, fences, etc. must be submitted to the ARC on the Architectural Review Committee Submittal Form, along with the appropriate review fee. If, during the sales process, the POA becomes aware of improvements to the property for which the Seller failed to submit plans and seek approval from the ARC at a time prior to the sale, the Seller will be required to pursue approval from the ARC prior to closing as well as pay the appropriate review fee to the POA. See bullet points under Point #3 in Seller’s Rights & Obligations above.

A statement of case names and case numbers for pending litigation with respect to the Premises or the POA, including the amount of any money claimed.