Stablewood Subd

Key facts from Stablewood Subd's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision with homeowners association (Article I, Section 3.1 (Community Associ)

Developer / declarant

Stablewood, LLC, a Mississippi limited liability company (First paragraph)

Assessments & dues

Not fixed; determined annually by Board, levied against each Residential Lot (Section 7.3, Section 7.4)

Special assessments

Allowed for capital improvements; if exceeds 30% of gross annual budget, requires 70% vote of Owners at meeting with 60% quorum (Section 7.6)

Collections & liens

Unpaid assessments become a lien on the lot, enforceable by foreclosure; lien subordinate to first mortgages (Sections 7.7, 7.8, 7.10)

Reserves & fees

Budget must include funds for reserves for periodic maintenance and replacement of Common Area improvements (Section 7.3: "include funds for establis)

Pets

Yes: dogs, cats, other household pets, and horses under restrictions (Section 9.10)

Leasing & rentals

Not explicitly addressed in this document excerpt

Parking & vehicles

Not explicitly prohibited, but roads are under Association control and rules may restrict parking (4.14.5) (Section 4.14.5: "Parking restrictions" a)

Fences

Must be approved; materials: brick, ornamental iron, wrought iron, wood (Kentucky horse fence style); no chain link; solid fences discouraged except ornamental iron (Section 9.27)

Architectural approval

Yes, for all Improvements and alterations (Section 10.2, Section 9.1)

Setbacks / home size

Building setback lines shown on Plat; no specific dimensions in Declaration; driveway must be at least 10 feet from side property line (Section 6.9 (recorded easements and buil)

Maintenance

Owners maintain their lots and improvements; Association maintains Common Areas (Sections 9.2, 4.4)

Insurance

Property insurance covering Common Area improvements and liability insurance ($1,000,000 limit for bodily injury/property damage) (Section 4.5) (Section 4.5.2: "limit of not less than $)

Use restrictions

Yes, all lots used only for purposes set forth in Declaration, primarily residential (Section 9.1: "all property ... shall be )

Voting & meetings

One vote per Residential Lot (one membership per lot) (Section 3.3: "one membership per Residen)

Amendments

Not fully described; mentions Supplemental Declarations may amend (Article II definition), and that Declarant's rights cannot be amended without consent (6.1); no specific amendment vote requirement (Section 6.1, definition of Supplemental )

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