Speedway Woods

Key facts from Speedway Woods's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Declaration creates Association)

Leasing & rentals

Yes, but initial sales to owner-occupants; if owner-occupant leases, written lease with minimum term of one year; lessee subject to all rules (Declaration section 4.1)

Architectural approval

Yes, for all improvements, alterations, landscaping, exterior color changes, etc. (Declaration section 6.2(i))

Home business

Prohibited: no business building shall be erected on any Lot (Plat section 7)

Setbacks / home size

Building setback lines on Plat; minimum front setback consistent with zoning; minimum rear yard setback: 20 feet from rear property line to living area; minimum front lot width: 50 feet at designated setback; minimum lot area: 5,000 sq ft; (Plat section 5)

Use restrictions

Yes (Plat section 7)

Voting & meetings

Class A (owners other than Developer): one vote per Residence Unit; Class B (Developer): three votes per Lot owned until Applicable Date; multiple owners determine single vote; no splitting (Declaration section 5.2, 5.4)

Amendments

Amended by owners of at least 67% of Lots in all Subdivisions subject to Declaration; prior written approval of Developer until all Lots sold; recorded; public utility consent if affecting; zoning commitment approval (Plat section 30)

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