Riverstone Shoals

Key facts from Riverstone Shoals's documents

Community type

Covenant / Planned Community

Legal name

Riverstone Shoals Homeowners' Association, Inc.

Developer / declarant

Cliftwood Development, Inc.

Assessments & dues

Before Class A full voting: Class B sets assessment up to maximum. After: Board of Directors determines. (Article 5 Sec 3)

Collections & liens

Yes, assessment becomes lien; Association may foreclose. (Article 5 Sec 7)

Reserves & fees

Interest at 12% per annum and attorney's fees of 15% of principal. (Article 5 Sec 7(b))

Pets

Yes, dogs, cats, usual household pets in reasonable number, not for commercial purpose, not roaming free. (Article 6 Sec 14)

Leasing & rentals

Unqualified right to lease. (Article 6 Sec 2)

Parking & vehicles

Prohibited overnight or on regular basis. (Article 6 Sec 15)

Fences

Require prior written approval; no chain link fencing; fences cannot be placed nearer street than front of structure. (Article 6 Sec 9, Sec 22(a))

Architectural approval

Yes, Declarant (or later Architectural Control Committee) approval required for construction, alteration, fences, exterior changes, recreational equipment, etc. (Article 6 Sec 6, Sec 22)

Home business

Permitted only if incidental to residential use and with Declarant approval (except Declarant's own business). (Article 6 Sec 1)

Signs & flags

Prohibited except legal proceedings signs and directional signs approved by Declarant. Declarant may erect signs. (Article 6 Sec 8)

Insurance

Association may (but not required) obtain insurance for Association's Areas including fire, liability, vandalism. (Article 8 Sec 1)

Use restrictions

Prohibited; no noxious activity; no unsightly conditions. (Article 6 Sec 13)

Voting & meetings

Two classes: Class A (nonvoting until Apr 1, 2010 or earlier by Class B notice) and Class B (full voting by Declarant). When Class A fully voting: one vote per lot. (Article 3, Sections 1-3)

Amendments

During first 3 years: 75% of each class; thereafter: 80% of all members; recorded; 30 days notice. (Article 9 Sec 4)

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