River Market Townhomes

Key facts from River Market Townhomes's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

townhome (Article One, Definition of Townhome Unit)

Legal name

River Market Townhomes Home Owners Association

Developer / declarant

310 Delaware, L.L.C.

Assessments & dues

Board prepares annual budget and sets annual assessment based on it (Article Four, Paragraphs 2(f) and 6(a))

Special assessments

May be levied by Board with Class B approval or with 51% Class A vote when amount exceeds current annual assessment (Article Four, Paragraph 3)

Collections & liens

Unpaid assessments become lien on Lot, superior to other liens except first mortgage; Association may foreclose (Article Four, Paragraph 7)

Reserves & fees

Board may establish contingency and other reasonable reserve funds (Article Four, Paragraph 2(c))

Pets

Yes, up to two household pets (Article Nine, Paragraph 7)

Leasing & rentals

Yes, but no rental for three years after Certificate of Occupancy; thereafter lease terms must be approved by Board (Article Nine, Paragraph 1)

Parking & vehicles

Not prohibited but must not obstruct ingress/egress; vehicles must have current license tags (Article Nine, Paragraphs 6 and 10)

Architectural approval

Prior written consent of Board required for exterior painting, decoration, changes, structures, signs, and most visible alterations (Article Six, Paragraph 6 and Article Nin)

Home business

Permitted with Board approval if no employees not residing and no regular customer visits; Board may withhold approval (Article Nine, Paragraph 1)

Signs & flags

One 'for sale' sign only, in front of unit, in accordance with city law; no other signs (Article Nine, Paragraph 3)

Maintenance

Owner responsible for all interior and exterior of own Lot and Townhome Unit, including foundations, doors, windows, appliances, utilities, termite control; Association responsible for common areas and Tract A (but Tract A maintained by Own (Article Six, Paragraphs 2,3,5)

Insurance

Board obtains casualty insurance naming Association as insured for benefit of Owners (Article Five, Paragraph 1)

Use restrictions

Each Townhome Unit used solely as private residence for no more than one family (Article Nine, Paragraph 1)

Voting & meetings

Class A: one vote per Lot per Owner; Class B: Declarant has five votes per Townhome Unit until sale or termination (Article Three, Section 1)

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