Isle Verde

Key facts from Isle Verde's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Multi-unit housing development, single-family detached or attached homes, HOA (Background (p. 1/24); Article VII Sectio)

Units / lots

36 (Homes) (Article I(i) (p. 2/24))

Assessments & dues

By majority vote of the Board of Directors; each Lot assessed at uniform rate (Oversized Lots pay 150%) (Article V Section 2(b) and (c) (p. 6/24))

Special assessments

Allowed with 2/3 vote of Voting Interests present at a meeting; for capital improvements or special parcel assessments (Article V Sections 3 and 4 (p. 6/24-7/24)

Collections & liens

Yes; assessments become a lien on the Parcel; can be foreclosed like a mortgage; subordinated to first mortgages; power of sale granted to Association (Article V Sections 1, 5, 10-13 (p. 6/24-)

Reserves & fees

Up to $100 per applicant for lease approval; reasonable fee for Certificate of Payment (Article VII Section 1(a)(4) (p. 12/24); )

Pets

Yes, dogs and cats (Article VII Section 1(d) (p. 13/24))

Leasing & rentals

Yes, with approval and restrictions (Article VII Section 1(a) (p. 10/24))

Parking & vehicles

Prohibited between dusk and dawn and on Saturdays/Sundays (Article VII Section 1(f) (p. 13/24))

Architectural approval

Yes, Architectural Review Board approval required for any exterior changes (Article VI Section 2 (p. 9/24))

Home business

Not expressly prohibited but implied by exclusive residential use and prohibition of commercial activities including garage sales (Article VII Section 1(a) and (p) (p. 10/)

Signs & flags

Prohibited without Board approval (may be arbitrarily withheld) (Article VII Section 1(e) (p. 13/24))

Use restrictions

Yes, single-family residential use (Article VII Section 1(a) (p. 10/24))

Voting & meetings

One Voting Interest per Home; total 36 Voting Interests (Article I(s) (p. 3/24); Article IV (p. 5)

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