Deer Valley Homeowners Association, Inc.

Key facts from Deer Valley Homeowners Association, Inc.'s documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (non-condominium subdivision) (Section 1.6 (Association defined as nonp)

Legal name

Deer Valley Homeowners Association, Inc. (Section 1.6)

Governing law

State of Alabama (Section 14.6 (Governing Law) – not fully)

Special assessments

May be levied for capital improvements upon approval of 51% of Owners voting at a meeting called with 30-60 days notice (Section 8.5, 8.6)

Collections & liens

Unpaid assessments (Annual, Special, Initial, Individual) plus interest, late charges, costs, attorneys fees become a continuing lien on the Lot; may be foreclosed in same manner as mortgage under Alabama law; Association may bid and purcha (Section 8.1 (lien creation), 8.9 (forecl)

Reserves & fees

Funds assessed for creation or maintenance of reserves pursuant to Declaration (Common Expenses includes reserves) (Section 1.12 (Common Expenses includes r)

Pets

Not more than 2 dogs and/or cats as domestic pets per Lot; ARC may approve more if in enclosed area (Section 7.1(b))

Leasing & rentals

Leasing permitted; Owner must ensure tenant receives copy of Declaration; lease must state tenancy subject to Declaration; Owner remains liable (Section 7.3)

Home business

Home offices allowed only if approved by ARC, subject to ARC restrictions (Section 7.1)

Signs & flags

Included as Improvement requiring ARC approval (Section 1.17, 6.5(a)) (Section 1.17 (signs included), Section 6)

Use restrictions

Property used for residential purposes only; no trade or business except home offices approved by ARC (Section 7.1)

Voting & meetings

Each Owner is a Member (Section 1.21); voting in person or by proxy; quorum 51% of votes for special assessment meeting; subsequent meeting quorum half of previous (Section 1.21 (Member definition); Sectio)

Amendments

Amendment by Association (Section 12.1); scrivener's errors corrected by Association (Section 12.2) (Article XII)

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