Laurelwood Sub

Key facts from Laurelwood Sub's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential single-family subdivision (ARTICLE I, Section 1, DOC 146262, page 3)

Legal name

Laurelwood Homeowner Association, Inc.

Units / lots

19 (Lots 319-337, Part 6-A) (DOC 146262, page 2)

Developer / declarant

Fannin Properties II Ltd., a Mississippi General Partnership (DOC 146262, page 1; DOC 146263, page 1; )

Assessments & dues

Not fixed; first annual assessment to be set by Board of Directors by majority vote (DOC 146320, Article V, Section 5)

Special assessments

Allowed for capital improvements (Special Assessments) (DOC 146320, Article V, Section 1)

Collections & liens

Annual, Special and Restoration Assessments shall be a continuing lien on the Lot; also personal obligation of Owner (DOC 146320, Article V, Section 1; DOC 14)

Reserves & fees

Reserve for replacements required; funds to be deposited in insured financial institution account, used only for replacement of common areas or major repairs (DOC 146320, Article V, Section 2)

Home business

Prohibited generally, except part-time professional office on premises allowed with conditions: no signs, no additional traffic, annual permit from governing authority, no change in outside appearance, no detectable noise/vibration/odors et (DOC 146262, Section 2; DOC 146263, Secti)

Use restrictions

Lots shall be used only for single-family residential purposes (DOC 146262, Section 1; DOC 146263, Secti)

Voting & meetings

Two classes: Class A (all Owners except Developer), Class B (Developer). Class B terminates when Developer owns less than 25% of total lots. (DOC 146320, Article III, Section 2C)

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