Chase Park Estates

Key facts from Chase Park Estates's documents

Community type

Covenant / Planned Community

Developer / declarant

ALLEN, BOYD & VEAL

Assessments & dues

Annual assessment amount fixed by Board of Directors in accordance with Articles of Incorporation and By-Laws (Article 6, Section 4(c))

Special assessments

Allowed for capital improvements approved by two-thirds (2/3) of votes of class of membership entitled to vote (Article 6, Section 4(d))

Collections & liens

Assessments are a lien on the lot; Association may foreclose by civil action; lien subordinate to first mortgage (Article 6, Section 4(a) and (h))

Reserves & fees

10% per annum interest from due date on unpaid assessments (Article 6, Section 4(g))

Pets

Usual household pets permitted, but not for breeding or commercial purposes (Article 4, Section 4)

Fences

Fences require Committee approval; no fences in front of rear line except integral; corner lot restrictions; no chain link/wire/metal except wrought iron; brick columns required at max 25 ft spacing matching house brick (Article 2, Section 8)

Architectural approval

Plans must be submitted at least 5 days prior to construction; Committee issues written permit; approval terminates if construction not begun within 6 months unless extended (Article 3, Sections 1, 3, and C)

Home business

Prohibited (Article 1: 'no trade or business purpose)

Setbacks / home size

Location of structures in relation to lot boundaries determined by requirements of local governmental authority and the Committee (Article 2, Section 5)

Maintenance

Association maintains common areas (private road system, exterior lighting, sewer pump, etc.); owners maintain their lots (Article 6, Section 4(i))

Use restrictions

Property used for residential purposes only; no trade or business of any kind (Article 1)

Voting & meetings

Each lot owner one vote per lot; Developer retains one vote per unsold lot (Article 6, Section 3)

Amendments

May be amended by instrument signed by not less than 51% of lot owners, filed for record; after December 31, 2010, same threshold (Article 5, Section 10)

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