Landry Trace

Key facts from Landry Trace's documents

Community type

residential planned community (Section 1.23)

Legal name

LANDRY TRACE Homeowners Association, Inc. (Section 1.6)

Developer / declarant

Landry Trace, LLC (Section 1.12 and opening paragraph)

Governing law

Mississippi law (references to Act in Section 1.10) (Section 1.10)

Assessments & dues

Board prepares annual budget; Regular Assessments are each Lot's equal share of budget (Section 8.3.1 and 8.5)

Special assessments

Board may levy Special Assessments; for acquisition of property, construction of additional improvements, or expenditure significantly increasing Association's responsibility, must be approved by Owners of at least a majority of Lots (Section 8.3.2)

Collections & liens

Association has right to enforce collection; lien and foreclosure remedies implied by Section 8.10 (Section 8.10)

Reserves & fees

Association may establish, maintain, and accumulate reserves for operations and replacement of Common Area improvements; Declarant not required to fund (Section 8.7)

Pets

Only customary domesticated household pets; no commercial purpose or breeding; subject to Board rules (Section 6.4)

Parking & vehicles

Temporary parking on paved roadway permitted, but not overnight and not longer than 12 hours in any 96 hour period (Section 6.39)

Fences

Materials: masonry, wood, or other Architectural Reviewer-approved material; max height 6 feet; finished side facing street or Common Area; no barbed wire or chain link fencing; no solid color stain; wood may be natural; lots adjacent to la (Section 6.12)

Architectural approval

Prior written approval required for any construction, addition, alteration, improvement, modification, redecoration, or reconstruction visible from street, another Lot, or Common Area (Section 5.5)

Home business

Permitted if: incidental to residential use, conforms to ordinances, no employee/public visits materially increasing street parking, and does not interfere with neighboring residential use (Section 6.8)

Signs & flags

Only real estate 'For Sale' signs and construction signs (each not exceeding 5 sq ft); open house signs for max 3 continuous days; political signs prohibited; temporary personal signs allowed at Board's discretion for max aggregate 30 days (Section 6.26)

Maintenance

Association responsible for Common Area maintenance; Owner responsible for Lot and improvements (including sidewalks on Lot) (Sections 4.1 and 6.43)

Use restrictions

Use of Lot limited exclusively to residential purposes (unless expressly permitted, e.g., limited business uses) (Section 6.17)

Voting & meetings

Class A Members (each Lot owner) have 1 vote per Lot; Class B Member (Declarant) has 3 votes per lot owned or 500 votes, whichever greater (Section 7.3A and 7.3B)

Amendments

Not fully specified in extracted text (likely Article 16 not shown)

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