Spinnaker Bay Homeowners Association

Key facts from Spinnaker Bay Homeowners Association's documents

Community type

Homeowners Association (Bylaws header: SPINNAKER BAY TOWNHOMES H)

Legal name

Spinnaker Bay Townhomes Homeowners Association, Inc.

Governing law

Alaska Uniform Common Interest Ownership Act (references to AS 34.08.430, 34.08.590, etc.) (Section 2.2(j), 2.2(n), 4.9, 7.3(f) in B)

Assessments & dues

Board adopts budgets for revenues, expenditures, and reserves (Section 2.2(b) of Bylaws)

Reserves & fees

Record of reserves for capital expenditures, replacement, and emergency repairs must be kept (Section 7.3(d) of Bylaws)

Pets

Yes, subject to restrictions (Rule 4)

Leasing & rentals

Yes, with conditions (Rule 7)

Parking & vehicles

Parking of trailers or vans on streets requires Association management approval and hazard signs/lights (Rule 1.16)

Home business

Prohibited (by implication of commercial use restriction) (Rule 5.4)

Signs & flags

Noncommercial signs only in connection with sale; only one magnetic For Sale/Lease/Rent sign per unit, not larger than 18"x24"; no tape on garage doors; political signs allowed on Units as per NRS 116 but not on common areas; garage sales p (Rules 6.1, 6.2, 6.3)

Use restrictions

Units shall not be used for commercial, business, or any other non-residential purposes (Rule 5.4)

Voting & meetings

Each Unit has one vote; co-owners must agree; proxy allowed; Association-owned units may not vote (Section 3.9 of Bylaws)

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