Glen Abbey Court Property Description:lt 4 Glen Abbey Court

Key facts from Glen Abbey Court Property Description:lt 4 Glen Abbey Court's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Centennial Bank, f/k/a First State Bank

Assessments & dues

Board of Directors determines Common Expenses budget and allocates per lot's Common Expense Sharing Ratio. (Sections 6.01, 10.01, 10.02)

Collections & liens

Assessments are a continuing lien on each lot. Association may record Notice of Delinquent Assessment and foreclose similar to real property mortgages. Lien subordinate to prior bona fide liens of third-party lenders. Foreclosure purchaser (Sections 10.01, 10.04, 10.06)

Reserves & fees

Lesser of $75 per delinquency or maximum fee allowable by law after 10 days past due. (Section 10.03)

Leasing & rentals

Permitted, as document references lessees. Developer may rent lots. No specific minimum term or rental cap mentioned. (Sections 12.01, 15.04)

Architectural approval

Prior written consent of Board of Directors (and Developer or successor) required for any structure, improvement, alteration, addition, remodeling, or change in exterior appearance. (Sections 13.02(2), 19.24)

Setbacks / home size

Lots 1-5: front 15 ft, rear 15 ft. Lots 6-8: front 24 ft, rear 19 ft. Measured from property lines. Developer may make exceptions. (Covenant 2, Page 2-3)

Insurance

Lot Owners with Lot Improvements must acquire fire and extended coverage insurance for full insurable replacement value of the Lot Improvement, with policy from licensed company rating AAA or better, including waiver of subrogation, and 30- (Section 11.02)

Use restrictions

The Lots shall only be used for residential purposes. (Covenant 1, Page 2)

Voting & meetings

One vote per lot. Developer gets one vote per lot owned. Voting Member designation per lot by owners. (Sections 5.01, 5.02, 5.03)

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