La Buena Vida Two Townhouses

Key facts from La Buena Vida Two Townhouses's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhouse (Horizontal Property Regime) (Recitals, Article I Section 4)

Assessments & dues

Determined annually by Board of Directors after meeting with management corporation and examining annual report (Article V Section 4)

Special assessments

Authorized for additional recreational/common facilities; requires 51% Board vote and ratification by 51% of Council of Co-Owners present at meeting. Also for insurance deficiency (Article XI). (Article V Section 5, Article XI)

Collections & liens

Assessments become a continuing lien on the lot; may be enforced via foreclosure in like manner as mortgage; power of sale granted; lien subordinate to first mortgage. (Article V Section 7, Article X)

Reserves & fees

Association may charge a late fee if unpaid after 30 days from due date (amount not stated). (Article V Section 7)

Pets

Dogs, cats or other household pets may be kept, provided not bred or maintained for commercial purposes. (Article XII Section 2)

Leasing & rentals

Yes, with restrictions. (Article XII Section 7)

Fences

Fences, hedges, walls must be approved by Board; except initial construction installed per builder. Must be kept screened for certain items. (Article VII, Article XII Sections 4, 5)

Architectural approval

Yes, for exterior additions, alterations, changes in fences, hedges, walls, and other structures. (Article VII)

Maintenance

Association maintains roofs (including gutters). (Article V Section 1, Article VIII)

Insurance

Board shall obtain insurance for all buildings (including townhouses) against fire and other hazards in amount sufficient for full replacement cost; also broad form public liability for common elements. (Article XI)

Use restrictions

Premises restricted to residential dwellings for residential use. (Article XII Section 1)

Voting & meetings

One class of membership (Class A). Each owner gets one vote per lot owned. Voting suspended if owner in arrears or in default for 15 days. (Article III Sections 1, 2)

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