Fairoaks All

Key facts from Fairoaks All's documents

Community type

Covenant / Planned Community

Legal name

The Fairoaks Property Ownership

Units / lots

75 (34 in Section I + 41 in Section II) (Section 3: 'Fair Oaks, Section I, consis)

Assessments & dues

Determined by annual budget adopted by Owners; same amount per Lot. (Section 13(c): 'the same amount for each)

Reserves & fees

Optional replacement reserve fund for capital expenditures; to be held in separate interest-bearing account(s); not for ordinary repairs. (Section 13(b): 'The annual budget may in)

Leasing & rentals

Yes, with written lease subject to Declaration; entire Dwelling Unit must be leased, not for transient/hotel purposes. (Section 17(m) and (l))

Architectural approval

Prior written approval of Architectural Review Board required for any exterior improvement, alteration, excavation, change in grade, or work altering exterior of Lot or improvements, including fences, walls, Dwelling Units, etc. (Section 12(c))

Maintenance

Each Owner responsible for maintaining his Lot in good, clean, sanitary condition. Corporation responsible for Common Areas, Landscape Islands, LSE/NAE, Cul de Loops, Pockets, and related maintenance as Common Expense. (Section 11 first and second paragraphs)

Use restrictions

All Lots and Dwelling Units shall be used exclusively for residential purposes and for occupancy by a single family. (Section 17(a))

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