Belmont Park Townhomes

Key facts from Belmont Park Townhomes's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome (Title: Belmont Park Townhomes)

Legal name

Belmont Homeowners' Association, Inc.

Developer / declarant

GEORGE OKONJI (by GEORGE OKONJI)

Assessments & dues

$120.00 per Lot (Article 4, Section 3: maximum annual ass)

Special assessments

For capital improvements with assent of two-thirds (2/3) of votes of each class (Article 4, Section 4)

Collections & liens

Lien on lot and personal obligation; Association may foreclose; subordinate to first mortgage; foreclosure extinguishes prior assessments (Article 4, Sections 1, 8, 9)

Architectural approval

Board of Directors or architectural committee must approve plans (Article 5: until the plans and specifica)

Voting & meetings

Class A: one vote per lot; Class B: three votes per lot for Declarant until July 1, 2008 or when no longer owns any Lot (Article 3, Section 2)

Amendments

90% of Lot Owners during first 20 years; 75% thereafter; must be recorded; term 20 years from recording, auto extend 10 years (Article 6, 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.