Academy Estates

Key facts from Academy Estates's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Academy Estates LLC

Assessments & dues

Initial maximum $200 per year until December 31, 2005 (Section 8.03(a), page 11)

Special assessments

Allowed for capital improvements with assent of members per Bylaws (Section 8.04, page 11)

Collections & liens

Annual and special assessments are a continuing lien on the lot; may be enforced by foreclosure in the manner mortgages are foreclosed (Section 8.01, page 10-11)

Reserves & fees

Minimum cash balance of $3,000 in Association fund at turnover by Developer (Section 7.04, page 10)

Pets

Dogs, cats, or other household pets traditionally recognized in this geographic area may be kept (Section 2.04, page 3-4)

Home business

Home occupations as strictly construed under zoning regulations allowed (Section 2.01, page 3)

Signs & flags

One sign for sale/rent not larger than zoning permits; Developer may erect larger signs for advertising subdivision; occupant name signs and lot numbers allowed (Section 2.06, page 4)

Voting & meetings

Class A (lot owners) one vote per lot; Class B (Developer) voting member until conversion; Class A cannot vote until earlier of: Developer's determination, 180 days after 100% lots sold, or January 1, 2009 (Section 7.02, page 10)

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