Rinehart Place

Key facts from Rinehart Place's documents

Community type

Commercial Association

Legal name

Rinehart Place

Units / lots

8 (original: Lots 1-8) (Exhibit 'B', Page 53 (declaration))

Developer / declarant

Flovest, LLC (Page 1)

Collections & liens

Unpaid assessments may be secured by a lien recorded in public records; lien subordinate to first mortgage (Article VIII (Default), Page 19)

Leasing & rentals

Yes (Beneficiaries include lessees; Developer intends to lease or sell space) (Article I (Definitions: Beneficiaries); )

Architectural approval

Yes, submitted to Approving Party for initial construction and any exterior change (Article VI (D), Page 13)

Maintenance

Each Owner maintains Improvements, Common Areas, and Common Access Areas on its Lot; Association maintains Common Area (Tracts A & B) and stormwater system; Maintenance Administrator coordinates Common Maintenance (e.g., parking lot reseali (Article V (A, F) and Article III)

Use restrictions

Lots have Designated Use per Exhibit; no direct competition; on Lot 7 exclusive use for bank; no use other than Designated Use for 2 years from recording; after that, permitted uses subject to no direct competition and compliance with City (Article VII (Operating Rules & Restricti)

Voting & meetings

Each Owner has one vote per square foot of Property owned for Approving Party and Maintenance Administrator elections; for Association voting, one vote per Lot (Class A) or Developer control (Class B). (Article I (Definitions: Approving Party,)

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