Magnolia Place (MS)

Key facts from Magnolia Place (MS)'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Landmark Development Company

Assessments & dues

Not fixed; Board sets annually (Article V, Section 5: Board fixes amount)

Special assessments

Yes, for capital improvements, approved by 2/3 vote of Class A and B Members (Article V, Section 7)

Collections & liens

Assessment is a continuing lien; Association may foreclose judicially or non-judicially with power of sale (Article V, Sections 1, 12, 13)

Reserves & fees

Yes, for repair and replacement of Common Areas and Common Facilities; funded from Annual Assessment (Article V, Section 3)

Pets

Dogs, cats, or other household pets may be kept (Article VII, Section 20)

Parking & vehicles

Campers, camper trailers, recreational vehicles, boats and/or boat trailers, trailers and trucks must be stored within garage or behind privacy fencing, not visible from street (Article VII, Section 21)

Fences

Privacy fencing must be approved, treated wood, no chain link except around detention/common areas; fence not nearer street than house; Developer/Association may remove fences that impair visibility (Article VII, Section 9)

Architectural approval

Yes, Architectural Control Board approval required for any structure, exterior addition, change or alteration (Article VI, first paragraph)

Home business

Part-time professional office allowed with restrictions: no signs, no non-family employees, no exterior change (Article VII, Section 2)

Setbacks / home size

Front: 20 ft; Rear: 20 ft; Side: 5 ft each side, minimum 10 ft between buildings. Driveways may intrude on front and side setbacks (Article VII, Section 5)

Maintenance

Association maintains Common Areas, Streets, Common Facilities; Owner maintains Lot (Article IV, Section 1; Article VII, Sect)

Use restrictions

All lots shall be used for residential purposes only; single-family homes (Article VII, Section 1)

Voting & meetings

Two classes: Class A (all Owners) and Class B (Developer). One vote per Lot. Class B votes cease when 90% lots deeded to homeowners or 20 years after recording, whichever first. (Article III, Section 2.C. and Section 2.)

Amendments

Developer may amend before Jan 1, 2020; thereafter by 2/3 majority of each class of Members (Article VIII, Section 4)

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