Knollwood West

Key facts from Knollwood West's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Knollwood West Section 5 Part "B"

Units / lots

Not explicitly stated, but multiple lots are referenced (e.g., Section 4.2 'each Lot owned') (Section 4.2 et al.)

Developer / declarant

CROSSMANN COMMUNITIES PARTNERSHIP, an Indiana general partnership (Preamble, Section 2.7)

Assessments & dues

Maximum $60.00 per Lot per year until January 1 of year following first Lot conveyance; thereafter can increase up to 10% per year without vote. (Section 5.3(a),(b))

Special assessments

May be levied for capital improvements or operating deficits, approved by two-thirds vote of members present at meeting. (Section 5.4)

Collections & liens

Unpaid assessments are a continuing lien on the Lot; Association may foreclose; lien subordinate to first mortgage. (Section 5.1, 5.8, 5.9)

Reserves & fees

Board may set aside portion of Regular Yearly Assessments for repair and replacement of Common Area. (Section 5.2)

Pets

Yes, but no farm animals, fowls, or domestic animals for commercial purposes. (Section 6.7)

Leasing & rentals

Any Lot may be leased by its Owner. (Section 6.3)

Architectural approval

If written approval not received within 30 days after complete plans submitted, request deemed denied. (Section 6.2)

Maintenance

Owner responsible for maintenance of all portions of their Lot and Dwelling Unit, including exterior surfaces, roof, gutters, utilities. Association responsible for Common Area maintenance (fertilizing lakes, mowing, signs, street lights, b (Sections 7.1, 7.2(a))

Insurance

Association shall purchase comprehensive general liability insurance covering Common Area, public ways, and areas under Association control; also fidelity bonds and other insurance as required. (Sections 8.1, 8.2, 8.3)

Use restrictions

All Lots shall be used exclusively for single family detached residential purposes. (Section 6.1)

Voting & meetings

Class A: One vote per Lot for Owners (excluding Declarant). Class B: Declarant gets three votes per Lot owned until Class B converts to Class A. (Section 4.2)

Amendments

Declaration may be amended by instrument approved and signed by at least 75% of then Owners; Declarant may amend within 4 years of recordation if it still has ownership interest; certain changes require two-thirds approval of Owners (exclud (Section 10.3, 10.4)

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