Inverness Master Homeowners Association, Inc.

Key facts from Inverness Master Homeowners Association, Inc.'s documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential subdivision (Town of Adam Brown) (Proposal for Amendments header)

Legal name

Inverness Master Homeowners Association, Inc.

Governing law

Alabama Non-Profit Corporation Act (§ 10-3A-1 et seq.) (Articles of Incorporation preamble)

Assessments & dues

Set by Board; may be delegated to individual subdivisions (Bylaws Article 3.3.4)

Special assessments

May be enacted by majority vote of Board for extraordinary costs not budgeted (Bylaws Article 3.3.3(d))

Collections & liens

All assessments are a continuing lien on Member's Property; Association may foreclose (Bylaws Article 3.3.1, 3.3.5)

Reserves & fees

$15.00 per month for unpaid assessments after 30 days (Bylaws Article 3.3.5)

Pets

Owners responsible for pet feces; $100 per instance (Amendment Section 17)

Leasing & rentals

Not directly addressed in these documents; but 'Resident' defined as occupant of Member's Property (Bylaws 2.10), implying leasing allowed (Bylaws Article 2.10)

Architectural approval

All plans and specifications for structures, improvements, landscaping, etc., must be approved in writing by the Committee (Architectural Control Committee) before work begins; limited to appearance only; no structural or code compliance re (Amendment Section 1; Bylaws Article 12.2)

Signs & flags

Realty signs allowed only Fri 4pm to Sun 4pm on Inverness Parkway; yard sale signs same hours; other signs require Board approval; attaching signs to street sign posts prohibited ($50 fine) (Bylaws Article 13.1, 13.2, 13.3)

Use restrictions

Implicit; properties referred to as 'residential' in Definitions (Bylaws Article 2.8 (Member's Property de)

Voting & meetings

Members have one vote per Lot owned; only one person may cast vote per Lot in case of multiple owners (Bylaws Article 4.1)

Amenities

Open Spaces/Common Areas including recreation parks, playgrounds, lakes, etc. to be owned and maintained by Association (Articles Article II.2.14, IV.2.4)

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