Azalea Trace Subdivision

Key facts from Azalea Trace Subdivision's documents

Community type

Subdivision (Title)

Developer / declarant

MAGNOLIA LAND COMPANY, INC.

Assessments & dues

$250.00 for year ending December 31, 1995 (Section 10.03(a))

Special assessments

Allowed for capital improvements, additions, equipment, loan repayment; proportion based on annual assessment share (Section 10.04)

Collections & liens

Assessments are a continuing lien on the property and personal obligation of owner (Section 10.01)

Reserves & fees

Association may establish reserve funds from annual assessments for major repairs, casualty, etc. (Section 10.05)

Pets

Reasonable number of common household pets (dogs, cats) allowed (Section 3.08)

Leasing & rentals

Yes (Section 3.24)

Parking & vehicles

Included in prohibited storage (unmaintained cars) (Section 3.21)

Fences

Chain link prohibited; wooden, brick, stucco, wrought iron allowed per Design Guidelines (Section 3.19)

Architectural approval

Yes, for all structures and improvements; plans must be approved by Developer (later by Architectural Review Board) (Section 5.01)

Signs & flags

Only For Sale/Rent, contractor (max 12 months), legal, or approved by Developer; Developer restricts size, color, location (Section 3.04)

Setbacks / home size

Within setback lines shown on Plat and per Design Guidelines (Section 3.03 and 6.02)

Maintenance

Owners maintain their Lots; Association maintains Common Properties after conveyance (Section 9.02, 7.01)

Insurance

Association may carry liability and hazard insurance on Common Properties (Section 11.02(i))

Use restrictions

All Lots single-family residential exclusively (Section 3.02)

Voting & meetings

Class A (each Lot 1 vote), Class B (Developer 5 votes per Lot owned), until all Lots sold (Section 8.02(a)(b))

Amendments

Developer may unilaterally amend until all Lots sold or 15 years, whichever first; thereafter by 2/3 vote of Members (Section 13.01 and 13.02(c))

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