Tuscan Villas - Lot #/

Key facts from Tuscan Villas - Lot #/'s documents

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

Community type

Condominium

Legal name

TUSCAN VILLAS

Units / lots

30 (initial phase) (Paragraph 3)

Developer / declarant

Lowry Development, LLC

Governing law

Mississippi Condominium Law (Mississippi Code §89-9-1 et seq.) (Paragraph 2(j))

Assessments & dues

Fixed and determined by the Board from time to time; not explicitly stated. (Paragraph 7(c))

Special assessments

Board may levy special assessments for capital improvements; up to $250 per unit per year without vote of members. Emergency assessments may be levied without vote. (Paragraph 7(d), (e))

Collections & liens

Unpaid assessments become a lien on the Unit upon recording notice; may be foreclosed by sale as per Miss. Code §89-1-55. (Paragraph 7(h)(ii))

Reserves & fees

The greater of $25 or 4% of delinquency, if more than 15 days past due; may be collected only once per delinquency. (Paragraph 7(h)(1))

Leasing & rentals

Leases permitted with minimum term of six (6) months. (Paragraph 8(m))

Architectural approval

Architectural Review Committee approval required for alterations, additions, or changes to exterior. (Paragraph 5(b), 8(o))

Home business

Professional office space allowed; no retail sales. (Paragraph 8(a))

Maintenance

Common element; not part of Unit. (Paragraph 4)

Insurance

Management Body shall obtain fire, extended coverage, flood if applicable, liability, worker's comp, and other necessary insurance. (Paragraph 9(a)-(b))

Use restrictions

Units may be used for professional office space, but no retail sales. (Paragraph 8(a))

Voting & meetings

One vote per Unit as originally designed; if units combined, one vote per original unit. (Paragraph 7(f))

Amendments

Developer may amend while owning at least one Unit (Paragraph 28(a)); otherwise requires (i) 2/3 of Board and 75% of Unit Owners, or (ii) 80% of Unit Owners, or (iii) consent of specified parties. Amendments must be recorded. (Paragraph 28)

Amenities

Pool, hot tub, fitness center (proposed), and other amenities; use may be suspended for misuse or non-payment. (Paragraph 2(g), 17(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.