Old Saybrook

Key facts from Old Saybrook's documents

Community type

Covenant / Planned Community

Legal name

Old Saybrook Homeowners Association, Inc.

Developer / declarant

The Key Company, a Georgia corporation (Preamble)

Assessments & dues

For 1985, not exceed $120 per Lot (Section 5.7(b): The annual assessment fo)

Special assessments

Allowed for specified purposes with majority vote and Declarant consent if Declarant owns a Lot (Section 5.7(d))

Collections & liens

Assessment becomes a charge and continuing lien; may foreclose after 30 days past due (Section 5.7(g))

Reserves & fees

May establish reserve funds from regular annual assessments for major repairs and emergencies (Section 5.7(e))

Pets

Allowed up to 2 dogs, cats or normal household pets (Section 5.5(b): Owner may be permitted t)

Parking & vehicles

Only conventional automobiles and pickup trucks may be parked on a Lot except in a garage or designated area; boats, trailers, trucks, buses, motor homes, campers prohibited (Section 5.5(c))

Architectural approval

Written approval of two-thirds (2/3) of Board required for modifications affecting structural integrity, design, appearance, elevations, color of siding, roofing; also for landscaping alterations (Section 5.3(a) and (b))

Maintenance

Owner responsible for maintenance of Lot, Home exterior, landscaping; Association responsible for Common Properties (Section 7.1 and 6.1)

Insurance

Owner must insure Home in amount not less than full replacement value, covering fire and extended coverage hazards (Section 5.6(a))

Use restrictions

Each Lot shall be used for residential purposes exclusively (Section 5.1)

Voting & meetings

First meeting 60%; second meeting 30% (Section 3.4)

Amendments

Declarant may amend while owning a Lot; otherwise requires 2/3 of votes cast at duly called meeting, with Declarant consent until Section 3.6 rights expire (Section 8.1)

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