Fair Oaks Manor Homeowners Assninc

Key facts from Fair Oaks Manor Homeowners Assninc's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

FAIR OAKS MANOR HOMEOWNERS ASSOCIATION, INC.

Developer / declarant

Keitin Enterprises, Inc. (Article I, Section 6)

Assessments & dues

Maximum $504 per Lot until January 1 of year following first Lot conveyance; thereafter adjustable (Article IV, Section 3)

Special assessments

For capital improvements, requires 2/3 vote of each class; for uninsured damage to Common Area, up to $100 per Lot without vote (Article IV, Section 6; Article VI, Secti)

Collections & liens

Assessment lien on property, subordinate to first mortgage; personal obligation of owner at time due; foreclosure extinguishes prior delinquencies but may be reallocated; personal obligation does not pass to successors unless assumed (Article IV, Sections 1, 10, 11)

Reserves & fees

Separate fund for private road maintenance: minimum $10 per month per Lot; and working capital fund (Article IV, Sections 4 and 5)

Pets

Yes, dogs, cats, usual household pets in reasonable number (Article V, Section 8)

Parking & vehicles

Prohibited except temporary guest/visitor parking within right-of-way (Article V, Section 5(i))

Home business

Prohibited, except by Declarant or Association for development and management (Article V, Section 1)

Signs & flags

Only one professionally lettered builder/realtor sign or owner sale/rent sign, subject to Association approval, not exceeding 36x48 inches (Article V, Section 12)

Use restrictions

All Lots used exclusively for residential purposes (Article V, Section 1)

Voting & meetings

Two classes: Class A (owners) - one vote per Lot; Class B (Declarant) - three votes per Lot until conversion. Voting rights may be suspended for nonpayment of assessments. (Article III, Section 2; Article II, Sect)

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