Verrado Victory Phase 1 HOA

Key facts from Verrado Victory Phase 1 HOA's documents

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

Community type

Covenant / Planned Community

Legal name

Verrado Victory District Phase 1

Developer / declarant

DMB WHITE TANK, LLC

Age restriction

Parcel is Phase 1 of an age qualified portion of Verrado to be known as Victory District (Paragraph 9: 'age qualified portion of V)

Special assessments

Yes, Specific Assessment for fines (Paragraph 4) and enforcement costs (Paragraph 13); also Community Enhancement Fee (Paragraph 11) (Paragraph 4: 'Any such fine shall be con)

Architectural approval

Yes, construction of Improvements subject to approval of Reviewer per Charter and Design Guidelines (Paragraph 3: 'shall be subject to variou)

Maintenance

Owner maintains Unit improvements (including landscaping); Association maintains Areas of Common Responsibility; party walls adjacent to common area: Association maintains, Owner paints facing side and responsible for defects from own const (Paragraph 5(a), (b), (c))

Use restrictions

Units may be used only for residential and related purposes; termination restricted by grocery covenant (Paragraph 21: 'The limitation set forth )

Voting & meetings

Each Owner of a Unit is a member; representative voting via Neighborhood and Election District (Section 2; Paragraphs 7, 8)

Amendments

May be amended in same manner as Charter; Founder may unilaterally amend for corrections/modifications due to Plat designation (Paragraph 26)

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