Waterside (MS)

Key facts from Waterside (MS)'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential subdivision (HOA) (Art. I Sec. 1 (Association named Watersi)

Legal name

Waterside Homeowners Association, Inc.

Units / lots

65 (Lots 1-65 of Phase 1) (Indexing Instructions and Art. I Sec. 8)

Developer / declarant

RWB Sr., LLC

Assessments & dues

$63 per Lot per year (as amended in 2005); originally $2,000? (text unclear: "$2, .00 per Lot" likely $2,000 but amendment changed to $63) (Original Art. III Sec. 3 (page 5) as ame)

Special assessments

Levied for capital improvements on Common Areas; requires approval of not less than 2/3 of votes of each class (Art. III Sec. 4)

Collections & liens

Assessments are a lien on the Lot; Association may foreclose the lien or bring action at law against owner personally (Art. III Sec. 1 and Sec. 8)

Pets

Dogs, cats, or other household pets may be kept, but not for commercial purpose; no livestock or poultry (Art. VI Sec. 6)

Architectural approval

Plans deemed approved if Committee fails to approve or disapprove within 30 days after submission (Art. IV Sec. 1)

Home business

Not explicitly addressed, but 'noxious or offensive trade' prohibited (Art. VI Sec. 1 (general restrictions))

Signs & flags

Only one sign not more than six square feet advertising property for sale or rent, or builder signs during construction; no other signs (Art. VI Sec. 7)

Setbacks / home size

Type 1 Lots: one story min 2,500 sq ft, multi-story min 2,300 sq ft; Type 2 Lots: one story min 2,800 sq ft, multi-story min 3,100 sq ft; Type 3 Lots: one story min 3,000 sq ft, multi-story min 3,300 sq ft; all exclusive of porches, garages (Art. V Sec. 2)

Voting & meetings

Two classes: Class A (each Owner, one vote per Lot); Class B (Declarant, three votes per Lot owned, converts to Class A upon certain events or after 7 years from recording, with potential reinstatement for future phases) (Art. II Sec. 2)

Amendments

Initial 15-year term, then auto 5-year extensions. During first 15 years, Declarant may amend if owns 51% of lots. After 5 years from recordation, may be amended by 75% of lot owners. Declarant also may unilaterally amend for 10 years to co (Art. VII Sec. 3)

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