Kilkerran at Ballantrae

Key facts from Kilkerran at Ballantrae's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Article I, Section 1.01)

Legal name

Ballantrae Residential Association, Inc. (Section 1.06, Section 4.01)

Units / lots

All lots shown on subdivision plat for the Property (not enumerated) (First WHEREAS)

Developer / declarant

Pinehurst Construction & Development, Inc., an Alabama corporation (First WHEREAS paragraph)

Assessments & dues

Board of Directors determines annual budget; if resulting annual assessment exceeds prior year by more than 10%, requires majority vote of Owners (Section 5.04(b) and (c))

Special assessments

Allowed for capital improvements on Common Area with approval of 51% of Owners (excluding Mobley Development votes) plus approval of Mobley Development, Inc. (Section 5.05)

Collections & liens

Assessments constitute a continuing lien on the Lot; lien may be foreclosed like a mortgage on real property under Alabama law; Association may bid at sale; owner waives statute of limitations defense (Section 5.01, Section 5.09)

Reserves & fees

Annual budget may include capital contribution or reserve account for capital needs (Section 5.04(b))

Pets

Dogs and/or cats (not exceeding 2 in number) and other indoor household pets may be kept, not for commercial purposes (Section 2.03)

Use restrictions

All Lots shall be used for single-family residential purposes exclusively (Section 1.01, Section 1.05)

Voting & meetings

One vote per Residential Lot (owned by more than one person, one vote per lot); Mobley Development, Inc. has exclusive voting control while it owns any portion of the Development (Section 4.02)

Amendments

By Developer while owns any Lots (no material adverse effect on owners' use rights) or by vote of 51% of Association votes plus written agreement of Developer (Section 9.04)

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