Dearing Farms

Key facts from Dearing Farms's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Dearing Farms

Developer / declarant

Dearing Farms - Helena, LLC

Assessments & dues

Board of Directors fixes amount at a uniform rate for all Lots at least 30 days in advance of each Annual Assessment period. (Section 6.7)

Special assessments

Allowed for capital improvements with approval of 51% of Owners voting in person or by proxy at a meeting, plus approval of Developer if Developer owns Lots. (Section 6.5)

Collections & liens

Unpaid assessments become a lien on the Lot, subordinated to first mortgage. Lien may be foreclosed like a mortgage. After 60 days delinquency, Association may file claim of lien and foreclose. (Sections 6.1, 6.9, 6.10)

Reserves & fees

Association may establish reserves for payment of Common Expenses. (Section 7.2)

Pets

Domestic pets allowed: not more than two dogs and/or cats per Lot; ARC may approve more if kept in enclosed area. (Section 5.1(b))

Home business

Home offices allowed with ARC approval and subject to restrictions. (Section 5.1)

Use restrictions

Property will be used for residential purposes only; no trade or business (except home offices approved by ARC). (Section 5.1)

Voting & meetings

Each Owner is a Member with voting rights. Special assessment requires approval of at least 51% of Owners voting in person or by proxy, and approval of Developer if Developer owns Lots. (Section 6.5(a) and (b))

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