Price Estate

Key facts from Price Estate's documents

Community type

Covenant / Planned Community

Developer / declarant

Mrs. R. Bruce Bass and Mrs. William Reid, Jr. (Signature block)

Assessments & dues

Not fixed; determined by majority vote (Paragraphs 3 and 7(g))

Collections & liens

Assessments constitute a lien enforceable as mortgage foreclosure; subordinate to first mortgage and taxes (Paragraph 3)

Reserves & fees

Penalties may be set by vote for delinquent payment (Paragraph 7(g))

Pets

Dogs, cats and other household pets allowed, not for commercial or breeding purposes (Paragraph 10)

Setbacks / home size

Building set back lines shown on recorded plat as minimum (Paragraph 9)

Maintenance

Road maintenance shared by all lot owners with weighting; bridge surface maintenance by lots 1-4 only; perpetual access easement shared by lots 1-2; fire hydrant maintenance shared by all (Paragraphs 3, 8, 13, 14)

Use restrictions

Primary use private single family residential (Paragraph 4)

Voting & meetings

50% of eligible votes (Paragraph 5: 502 (typo) of eligible vote)

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