Somerset Place

Key facts from Somerset Place's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Somerset Place Homes Association

Developer / declarant

Somerset Place Homes Association (for 2008 Amended Declaration); original Declarant was Saul Ellis and Company, Inc. (First paragraph and Amendment preamble)

Assessments & dues

Maximum $2,640 per unit per year ($220 per month) as of January 1, 2008 (Article VI, section 3a)

Special assessments

General and special assessments are permitted (Article VI, section 1: "all assessments )

Collections & liens

Assessments are a continuing lien; if unpaid for 30 days, may be foreclosed like a mortgage; Association may bid at sale; late charges also become a lien (Article VI, sections 1, 6, 8)

Reserves & fees

Association shall include adequate sums in annual assessments for a reserve fund for repair/replacement of Association property or exterior painting allowance; set apart as separate account; used only for those purposes; annual reports to o (Article VI, section 4)

Pets

Yes, household pets allowed (Article VIII, section 10: "household pet)

Parking & vehicles

Prohibited from standing exposed to view on driveway or lot longer than 14 hours in any 24-hour period (Article VIII, section 12)

Architectural approval

Yes, for any building, fence, wall, other structure, exterior additions, changes, or reconstruction after casualty; plans and specifications must be approved in writing by Association (harmony of external design, location, etc.) (Article VIII, section 4 (original) and A)

Home business

Part of a unit may be used as an office by occupant with prior written consent of Association, as ancillary use without customers or signs (Article VIII, section 5)

Voting & meetings

One vote per unit owned; ownership of unit required for membership (Article II, section 1: "Every person ...)

Amendments

Covenants may be abolished or changed with consent of 60% of all memberships evidenced by signed instrument; after initial 20-year term, may be modified by 60% of owners (Article XII and Article XI)

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