Petersen Point Homeowners Association, Inc.

Key facts from Petersen Point Homeowners Association, Inc.'s documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Association name in title and Article I )

Legal name

Petersen Point Home Owners Association

Units / lots

30 (15 in Block 1, 15 in Block 2) (Signature pages (pages 15-27) listing al)

Developer / declarant

Mary G. Ward (Article I Section 3)

Assessments & dues

Initially $75 per lot until January 1, 1986; thereafter maximum may increase up to 15% per year without vote (Article V Section 3)

Special assessments

Yes, for capital improvements; requires assent of 2/3 of votes at a meeting (Article V Section 4)

Collections & liens

Assessments become continuing lien on the lot and personal obligation; Association may foreclose after 10 days notice to first mortgage holder (Article V Sections 1 and 8)

Reserves & fees

Interest from due date at highest legal rate if not paid within 30 days (Article V Section 8)

Voting & meetings

Each Owner one vote per lot; if multiple owners, one vote as they determine (Article II Section 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.