Residences at University Groves

Key facts from Residences at University Groves's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Townhouse Residences at University Groves Association, Inc.) (Article 1.05: 'Association' definition)

Legal name

Townhouse Residences at University Groves Association, Inc. (Page 1 (BK 2232 PG 5267))

Units / lots

Initially anticipated 78 lots, but not a restriction (Recitals: 'seventy eight (78) Lots, prov)

Developer / declarant

University Parkway Properties, LLC (Page 1 (BK 2232 PG 5267))

Assessments & dues

Set annually by Board based on adopted budget (not specified in document) (Sections 6.03, 6.04)

Reserves & fees

Board may establish reserve accounts funded from Regular Assessments. (Section 6.10)

Architectural approval

Yes, for improvements or alterations to Lots as per Article 10 (not fully excerpted). (Article 1.01 reference to Article 10)

Voting & meetings

Regular Members: one vote per Lot. Declarant Member: three times total votes of Regular Members plus one. (Section 3.02)

Amendments

Not fully detailed; Section 2.01 requires 67% owner approval for adding land after Turnover. For other amendments, not specified in excerpts. (Section 2.01)

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