Woodbury V

Key facts from Woodbury V's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Ward Development & Investment Co.

Assessments & dues

$250.00 per Lot until December 31 of the year in which the first Common Area is conveyed. (Article VII Section 3)

Special assessments

May be levied by Board for capital improvements, subject to 2/3 vote of each class. (Article VII Section 4)

Collections & liens

Unpaid assessments become a lien on the Lot. Association may foreclose. Lien subordinate to mortgages. Personal obligation does not pass to successors unless assumed. (Article VII Sections 1, 8, 9)

Pets

Dogs, cats, or other household pets permitted. (Article X Section 10)

Leasing & rentals

Implied allowed; Owner may delegate use of Common Areas to tenants. (Article VI Section 2)

Fences

Property perimeter fences not to exceed 42 inches in height and shall not impede surface drainage. Privacy enclosures for patios, pools, garden courts may exceed 42 inches with written approval. (Article X Section 4)

Architectural approval

Before Class B membership ends, Company approval required; thereafter, Architectural Review Board (appointed by Board of Directors). Any exterior alteration, construction, change requires prior written consent. (Article IX Sections 1, 2)

Signs & flags

One sign per Lot of not more than 9 sq. ft. for 'For Rent' or 'For Sale' only. No other advertising signs. (Article X Section 11)

Setbacks / home size

Single level with attached garage: min 1,400 sq ft enclosed floor area. Raised ranch/split-entry with 1 level: min 1,400 sq ft on first floor. Split-level: min 1,400 sq ft on main level. Excludes garage, stoop, porch, deck. (Article X Section 3)

Maintenance

Owner responsible for Lot and structures. Association responsible for Common Areas (improve, manage, repair, replace, maintain). (Article VIII; Article IV Section 4)

Use restrictions

Lots shall be used for single family residential purposes only. No flats, apartments, temporary structures, trailers, etc. (Article X Section 1)

Voting & meetings

Two classes: Class A (Lot Owners) - 1 vote per Lot; Class B (Company) - 3 votes per Lot. Class B membership ceases on 7th anniversary or when Company owns no Lots. (Article III Section 2)

Amendments

During first 40 years, amendment requires 90% of Lots; thereafter 75% of Lots. Company has unilateral right to amend for VA/FHA requirements. All amendments must be recorded. (Article XI Sections 2, 3)

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