Ki Ngswood Homeowners Association

Key facts from Ki Ngswood Homeowners Association's documents

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

Community type

Covenant / Planned Community

Legal name

KI NGSWOOD Homeowners Association

Developer / declarant

KENSTONE HOMES, INC.

Assessments & dues

Not fixed; determined annually by Board budget, equal for all Lots (Article VI Section 3)

Special assessments

Allowed for capital improvements or if annual assessments inadequate; requires assent of at least 2/3 of Owners and Developer voting in person or by proxy (Article VI Section 4)

Collections & liens

Assessments are a continuing lien on the Lot; Association may foreclose like a mortgage foreclosure with power of sale; also personal obligation (Article VI Section 8)

Reserves & fees

Establishment and maintenance of a reasonable reserve fund is a purpose of assessments (Article VI Section 2)

Pets

Animals allowed only as household pets, not for commercial purposes; structures for pets require ARC approval (Article IX Section 9)

Architectural approval

Architectural Control Committee shall act within 7 days after receipt; if no action within 7 days, plans deemed approved (Article II Section 6)

Setbacks / home size

Front: 50 to 75 feet; Side: 25 feet; Rear: 50 to 75 feet; subject to ARC approval and variance (Article IX Section 8K)

Insurance

Board shall obtain such insurance policies upon the Common Area as deemed necessary or desirable (Article X)

Use restrictions

All Lots restricted exclusively to single-family residential use (Article IX Section 1)

Voting & meetings

Each Owner and Developer entitled to one vote per Lot; Owners non-voting except as specified, full voting when Developer determines but no later than 90% Lots sold; Developer gets one vote per Lot owned (Article IV Section 2)

Amendments

Developer may unilaterally amend for certain reasons until 90% of Lots sold; after that, amendment requires agreement of at least 75% of Owners and also Developer if still owner. Any amendment must be recorded. (Article XI Section 7)

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