Tradition a Master Planned Community

Key facts from Tradition a Master Planned Community's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Columbus Communities, LLC and Tradition Properties, Inc.

Assessments & dues

General Assessments allocated based on proportion of platted acreage of the Village, Village Center, or Development Parcel to total platted acreage in Tradition (Section 3.7(a)(i))

Special assessments

May be imposed for unbudgeted emergency expenses or capital improvements; may be spread over up to five years (Section 3.4(a) and 3.5)

Collections & liens

Assessment Charge is a lien on Association common areas and individual Parcels; Master POA may foreclose in manner similar to mortgage (Section 3.8(c))

Reserves & fees

Reserves may be used for extraordinary expenses not in annual budget; Special Assessment may repay reserve fund (Section 3.4(b))

Architectural approval

Master Developer must approve all design codes, guidelines, and variance requests; may delegate to architectural review boards (Section 4.1(a) and 4.2(c))

Maintenance

Associations are primarily responsible for maintaining their common areas; Master POA may maintain if requested or if Association fails to maintain to Master POA's satisfaction, with reimbursement (Section 2.1)

Voting & meetings

Each Association is a Member with voting interest; Master Developer is a member (Section 7.10 (Member definition), Sectio)

Amendments

While Master Developer owns property, it may amend unilaterally; after Master Developer no longer owns real property, amendment requires written approval of 75% of members of Master POA (Section 6.1(a))

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