Salt Pond

Key facts from Salt Pond's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Salt Pond

Developer / declarant

Salt Pond Associates, a Delaware General Partnership (Preamble)

Assessments & dues

Maximum $600 per lot or unit per year initially (Article VI, Section 3)

Special assessments

May be levied for capital improvements or operating reserve, requires assent of two-thirds of votes (Article VI, Section 5)

Collections & liens

Annual and special assessments constitute a continuing lien on the lot/unit; personal obligation of owner at time due; lien subordinate to first mortgage; sale or foreclosure of first mortgage extinguishes prior assessments (Article VI, Sections 1, 7, 8)

Reserves & fees

Operating reserve fund and reserve fund for repair and replacement of common areas (Article VI, Section 2)

Pets

Only common household pet animals permitted (Article VIII, Section 18)

Parking & vehicles

Boats, boat trailers, campers, recreational vehicles, utility trailers allowed only when in an enclosed or screened area approved by Architectural Board, not generally visible from adjacent properties and roadways (Article VIII, Section 14)

Architectural approval

If Board fails to approve/deny within 30 days of receipt, applicant delivers written notice; if no action within 15 days thereafter, plans deemed approved (Article VII, Section 2)

Home business

Use of a portion of dwelling as an office is permitted if no customer or client traffic to the lot (Article VIII, Section 11(a))

Setbacks / home size

Minimum square footage of enclosed dwelling space as specified in Salt Pond Standards (Article VIII, Section 10)

Maintenance

Association maintains common areas and recreational facilities; owner maintains lot/unit and all improvements; multifamily associations maintain common elements within multifamily areas (Article V, Section 4(a); Article VI, Sec)

Insurance

Association to provide liability and hazard insurance covering improvements and activities on open spaces and common areas (Article V, Section 4(f))

Use restrictions

All lots shall be used for residential purposes exclusively (Article VIII, Section 11(a))

Voting & meetings

Class A (all owners except developer) one vote per lot or unit; Class B (developer) ten votes per lot or unit, converts to Class A on December 1, 2009 or upon sale (Article V, Section 2)

Amendments

During Declarant Control Period, Declarant may unilaterally amend for technical, annexation, release, or realignment purposes without altering substantive rights of owners/mortgagees. Otherwise, amendment requires approval of more than two- (Article XI, Sections 1 and 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.