Waters Edge Townhomes

Key facts from Waters Edge Townhomes's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Waters Edge Townhomes

Units / lots

20 (proposed twenty condominium units) (Art. XX (10 years or until 90% sold) and)

Developer / declarant

Waters Edge Townhomes, L.L.C.

Governing law

Chapter 499B, Code of Iowa (Horizontal Property Act) (Art. I §2)

Reserves & fees

Adequate reserve fund for periodic maintenance, repair, replacement of common elements, maintained out of regular assessments. (Art. XII §4)

Pets

Only family pets allowed; no animal pens, sheds, fences or other structures on common area. (Bylaws Art. VIII §1(f))

Use restrictions

Apartments shall be used and occupied for single family dwelling purposes only. (Bylaws Art. VIII §1(a))

Voting & meetings

One vote per apartment. Developer gets 3 votes for each unsold apartment until 75% of apartments are sold. Mortgagee not owner unless title acquired. (Art. XI)

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