Regatta

Key facts from Regatta's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential community (Recitals: "residential community")

Legal name

Regatta Homeowners Association, Inc. (Article I definition of Association)

Developer / declarant

Regatta Development, LLC, a Mississippi limited liability company (Recitals)

Assessments & dues

Determined annually by Board of Directors; no fixed amount in Declaration (Section 5.01, 5.02)

Special assessments

Yes, for (a) construction/reconstruction/replacement of Common Area improvements (requires 2/3 vote of each class); (b) reimbursement for owner's willful/negligent acts; (c) additional services for a Neighborhood (requires 2/3 of Owners in (Section 5.03)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose using power of sale provisions similar to mortgages; personal obligation remains (Section 6.01, 6.04, 6.05)

Reserves & fees

Association shall establish and maintain a reserve fund for replacements of Common Area, funded from Annual Assessment; may also establish other reserves (Section 5.05, 5.06)

Pets

Yes, dogs, cats, birds, or other household pets for non-commercial purposes, kept in Dwellings or fenced yards (Section 12.17)

Leasing & rentals

Yes, lease of entire Dwelling for residential purposes is permitted if term is at least six months, lease is subordinate to Declaration, and Owner provides copy to Association/Management Agent before term starts (Section 12.06)

Parking & vehicles

Rules may apply to motor homes, tractors, trucks, commercial vehicles, campers, boats, boat trailers, motorcycles, etc.; no outside storage or parking without enclosure; subject to Board rules (Section 12.13)

Architectural approval

All improvements, exterior additions, changes or alterations, including color change, require approval of Architectural Review Committee (ARC) through the Review Process (Section 10.03)

Home business

Use of portion of Dwelling as office by Owner or tenant permitted if it does not create regular or continual customer, client, or employee traffic (Section 12.01)

Setbacks / home size

Front: twenty (20) feet from front lot line; Side: five (5) feet from side lot line, or fifteen (15) feet from side street lot line; ARC may approve deviations due to terrain (Section 12.03, 12.05)

Use restrictions

Each Lot and Dwelling shall be used for residential purposes only, except for Builder activities during construction, approved uses, necessary repairs, and as permitted by Section 12.10 (Section 12.01)

Voting & meetings

Class A Members (Owners of Dwellings on Lots) have one vote per Lot; Class B Members (Declarant) have one vote per Lot owned plus one vote for any unplatted property; separate class votes required when specified (Section 3.04, Section 3.05)

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