Old Courthouse Square Homeowners Association, Inc.

Key facts from Old Courthouse Square Homeowners Association, Inc.'s documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

OLD COURTHOUSE SQUARE HOMEOWNERS ASSOCIATION, INC.

Developer / declarant

BRAD SUBER and TRACY SUBER

Assessments & dues

Maximum $700.00 per townhouse per year until first Lot conveyed to an Owner; thereafter may be increased up to 5% per year without vote, or above 5% with 2/3 vote of each class. (Article IV Section 3)

Special assessments

May be levied for capital improvements on Common Area, with assent of two-thirds of votes of each class in a meeting duly called. (Article IV Section 4)

Collections & liens

Annual and special assessments, plus interest, costs, and reasonable attorney's fees, are a continuing lien on the lot and a personal obligation of owner. Association may foreclose the lien. Lien subordinate to first mortgage. Foreclosure e (Article IV Section 1, Section 8, Section)

Reserves & fees

Interest at 18% per annum from due date on any assessment not paid within 30 days after due date. (Article IV Section 8)

Pets

Dogs, cats, or other household pets may be kept, provided not kept, bred, or maintained for commercial purpose. No livestock or poultry. (Article X)

Architectural approval

If Board or committee fails to approve or disapprove within 30 days after submission, approval not required and article deemed complied with. (Article XI)

Voting & meetings

Two classes: Class A (all owners except Declarant) - one vote per lot; Class B (Declarant) - three votes per lot. Class B converts to Class A when Class A votes equal Class B votes or January 1, 2005, whichever earlier. (Article III Section 2)

Amendments

During first 20 years: by instrument signed by not less than two-thirds (2/3) of Lot Owners. Thereafter: by instrument signed by not less than one-half (1/2) of Lot Owners. Any amendment must be recorded. (Article XII 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.