Fairway Townhome Owners Association, Inc.

Key facts from Fairway Townhome Owners Association, Inc.'s documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I, Section 1 (Association) and A)

Developer / declarant

Steiner Development, L.L.C., an Idaho limited liability company (First paragraph)

Age restriction

Yes: no person under 18 may regularly reside (more than 21 days/year); at least 80% of occupied Lots must have at least one person 55+ (applies after 25% of Lots occupied). Board may grant extensions. (Article VIII, B)

Special assessments

May be levied for capital improvements with assent of two-thirds (2/3) of votes of each class (Article III, Section 3E)

Collections & liens

Each assessment is a continuing lien on the Lot; personal obligation of the Owner at time due. Association may foreclose lien. Lien is subordinate to first mortgage. Sale or transfer under mortgage foreclosure extinguishes pre-existing asse (Article III, Section 3A, 3J)

Pets

Yes, up to two dogs, cats or other household pets per Dwelling Unit, within the Unit or a fenced area approved by ARC (Article VIII, C)

Leasing & rentals

Yes, but all leases must be in writing and subject to Declaration, Articles, and Bylaws; tenant compliance with documents is a default under lease. No other restriction on right to lease. (Article VIII, I)

Parking & vehicles

Guests and invitees permitted on one side of the street only, per Association regulations and in consultation with City of Meridian Fire Department (Article VIII, N)

Fences

All fences must be approved in advance by ARC as to design, materials, and location. No fence shall extend beyond the front plane of the Dwelling Unit. (Article VIII, M and Article X, Section 2)

Architectural approval

Yes, for any building, fence, wall, patio cover, window awning, other structure, landscaping improvements, exterior addition, change or alteration. Plans and specifications must be submitted and approved in writing. (Article X, Section 2)

Home business

Prohibited (no trade, business or professional activity) (Article VIII, A)

Setbacks / home size

Minimum 1,160 square feet of living space (excluding garage) (Article IX, Section 1)

Insurance

Association must obtain multi-peril policy on Common Area improvements at 100% of insurable value (replacement cost); comprehensive public liability insurance (at least $1,000,000 per occurrence if >100 Units); workers compensation (Article X, Section 1)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Lot; Class B (Declarant) – three votes per Lot owned until conversion to Class A when Class A votes equal Class B or December 31, 2008 (Article III, Section 2)

Amendments

By instrument signed by members entitled to cast not less than 66-2/3% of votes of membership; must be recorded. Easements cannot be amended under this provision. (Article XIII, Section 3)

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