Fairway Villas Subdivision

Key facts from Fairway Villas Subdivision's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Cripple Creek Properties, L.P.

Assessments & dues

Initial $200.00 per lot per year. Declarant pays $50.00 per unsold lot per year for 10 years. (Section 30)

Collections & liens

Unpaid assessments are a continuing lien on the property. Association may record Statement of Assessments Due if not paid within 60 days of March 1. Court costs and reasonable attorneys' fees (15% of delinquent assessment) added to judgment (Section 30)

Reserves & fees

10% of assessment amount as delinquent payment penalty. (Section 30)

Pets

Only domesticated dogs or cats owned at time of dwelling erection. No replacement upon pet's death or disappearance. (Section 14)

Leasing & rentals

Owner of improved lot may rent only as a total unit to a tenant. (Section 37)

Architectural approval

Plans and specifications, including placement, must be approved in writing by Declarant or Board before any building is placed. (Section 17)

Use restrictions

Each lot shall be used solely and exclusively for residential purposes, except as provided. (Section 2)

Voting & meetings

One vote per lot owned. Proxy allowed, must be received before vote and comply with Delaware law. (Section 24, Section 30)

Amendments

After 75% lots sold, amendment requires written consent or affirmative vote of at least two-thirds of owners, recorded. Before 75% sold, Declarant may amend unilaterally. (Section 35)

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