Carringrton Woods Ccrs

Key facts from Carringrton Woods Ccrs's documents

Community type

Homeowners Association (Definition of Corporation as Carrington )

Legal name

Carrington Woods Property Ownership

Units / lots

Up to 120 (20 buildings × max 6 dwelling units each) (Definition of Building: 'any one of the )

Assessments & dues

Guaranteed not to exceed $90.00 per month until 1 year after recordation, then may increase up to 20% per year (Paragraph 19(e) Regular Assessments Prio)

Special assessments

Requires assent of two-thirds of votes of each class of members voting at a meeting (Paragraph 19(d) Special Assessments)

Collections & liens

Regular and Special Assessments become a lien on the Lot; may be foreclosed as a mortgage or by law (Paragraph 19(f) 'lien for such assessmen)

Reserves & fees

Replacement reserve fund for capital expenditures and replacement/repair of Common Area and exterior of Dwelling Units, maintained in separate interest-bearing account (Paragraph 19(b) 'establishment and maint)

Architectural approval

Prior approval required for any exterior alterations, improvements, fences, walls, etc. (Paragraph 17(b) Conditions: 'No improvem)

Maintenance

Association responsible for Common Area and exterior portions of Dwelling Units as designated; Owner responsible for interior and contents (Paragraph 12(f) duties of Board; Paragra)

Insurance

Owner responsible for insuring contents and personal property; additional insurance at own expense (Paragraph 21(e) 'Each Owner shall be sol)

Use restrictions

Not explicitly stated in provided text, but implied by dwelling units and many restrictions; omitted per rule 3

Voting & meetings

Class A (each Lot one vote); Class B (Declarant, three votes per Lot shown on Conditional Plat) (Paragraph 11(b) Voting Rights)

Amendments

Paragraph 24: Provides for amendment by notice, resolution, meeting, adoption; special amendments require mortgagees' vote; Declarant may amend prior to Applicable Date; recording required (Paragraph 24 (title and subparts from In)

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