Welchire Falls

Key facts from Welchire Falls's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

25 (Lots 1 through 25 inclusive) (Article I, Page 1)

Developer / declarant

WELCH BUILDERS, INC.

Assessments & dues

Determined by Board of Directors as reasonably necessary to meet budgeted expenses (Section 4.6, Page 11-12)

Special assessments

May levy special assessment for capital improvements on Common Area; payable in lump sum or installments with interest as determined by Board. (Section 4.7, Page 12)

Collections & liens

Unpaid assessments become a continuing lien on the lot; Association may foreclose. Lien subordinate to first mortgage. Personal obligation remains with owner at time assessment fell due unless assumed by successor. (Sections 4.4, 4.10, 4.11, Pages 11-12)

Reserves & fees

Board of Directors may establish a reserve account from assessments. (Section 4.6, Page 12)

Pets

Dogs, cats, or other household pets traditionally recognized in this geographic area may be kept, but not for commercial purposes. (Section 2.5, Page 4)

Voting & meetings

Two classes: Class A (all lot owners except Developer) one vote per lot; Class B (Developer) one vote per lot in any phase until conversion. If multiple owners of a lot, they must vote together; no split votes. (Section 4.13, Page 13)

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