Mineral Springs (MS)

Key facts from Mineral Springs (MS)'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

REGAL HOMES LLC

Assessments & dues

$25.00 per lot per year (Part Six, Section 1A2)

Special assessments

Requires approval of at least three-fourths (3/4) vote of record members (Part Six, Section 1A3)

Collections & liens

Assessment lien may be filed; foreclosure in like manner as mortgage or deed of trust; power of sale granted (Part Six, Sections 2 and 7)

Reserves & fees

1.5% per month interest after 30 days due-date (Part Six, Section 7)

Home business

All commercial enterprises of any and all types are prohibited (MISCELLANEOUS)

Signs & flags

Political campaign signs max 60 days before election, removed 10 days after; size 24x24, height 36 inches. For Sale signs same size. Developer excluded from sign restrictions. (Signs sections a, b, d)

Use restrictions

All lots to be used for single-family residential purposes only (USE/TYPE)

Voting & meetings

Each Member has two votes per developed lot, one vote per undeveloped lot; Developer has 20 votes per lot regardless of development (Part Five, Section 2)

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