Bear Trap Farms

Key facts from Bear Trap Farms's documents

Community type

HOA (not condominium) (Article I, Section 1.1: 'does not and is)

Legal name

The Village at Bear Trap Dunes Owners Association, Inc. (Article I, Section 1.1: 'creation of The)

Developer / declarant

Bear Trap Farms, L.L.C., a Delaware limited liability company (Preamble: 'made as of the date set forth)

Governing law

Delaware law (Article I, Section 1.1: 'This document d)

Special assessments

Yes, allowed in accordance with Section 8.4 (Article II definition of 'Special Assess)

Reserves & fees

Yes, budgeting for reserves is authorized (Section 8.3) (Article VIII, Section 8.3: 'Budgeting fo)

Leasing & rentals

Yes; no rule shall prohibit leasing or transfer (Article III, Section 3.4(f): 'No rule sh)

Signs & flags

Association may not regulate content but may regulate time, place, and manner (including design criteria) (Article III, Section 3.4(b): 'No rules s)

Voting & meetings

Two classes: Class A (all Owners except declarant) have one equal vote per Unit; Class B (Declarant) can appoint majority of Board during control period (Article VI, Section 6.3: 'The Associatio)

Amendments

By Declarant or by Members as provided in Article XIX (Article XIX: 'Amendment of Declaration')

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