Greystone Estates

Key facts from Greystone Estates's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Subdivision Homeowners Association (Throughout document (HOA references))

Units / lots

53 (Lots 1 through 53, inclusive) (Restrictive Covenants preamble (Greyston)

Assessments & dues

$95.00 per owner of each dwelling unit or unimproved lot (as of January 1, 1988) (Article II Section 1(a))

Special assessments

Can be levied by Association with majority vote of members; limited to 10% of annual assessment until Class B membership ceases; a one-time special assessment of $195.00 for purchasers from Declarant (transferable) (Article II Section 1(a) and Article IV S)

Collections & liens

Association has lien against lot/dwelling unit for unpaid assessments; may enforce collection including filing notice of lien, with reasonable attorney's fees (Article IV Section 1; Article VI point 1)

Reserves & fees

Interest at a rate determined by the Board of Directors, not exceeding the highest rate allowed by law (Article IV Section 1)

Pets

Dogs, cats, and horses allowed; no other animals or poultry (Restrictive Covenant #7)

Leasing & rentals

Not explicitly addressed; residential use required, but no prohibition on leasing implied (Indirect)

Parking & vehicles

Prohibited unless within enclosed garage (Restrictive Covenant #21)

Architectural approval

Architectural Control Committee must approve all plans for improvements, exterior paint/stains, landscaping, etc. prior to construction (Article VI point 5; Restrictive Covenant)

Signs & flags

Only rental or sales signs permitted; no antennas, satellite dishes, or towers without ARC approval; no other signs without ARC approval (Restrictive Covenant #14; Restrictive Co)

Setbacks / home size

Front: 65 feet from street right-of-way; side street: 40 feet; side lot line: 15 feet; rear: 40 feet (Restrictive Covenant #4)

Use restrictions

Lots shall be used for residential purposes only; one detached single-family dwelling per lot (Restrictive Covenant #1)

Voting & meetings

One vote per lot or dwelling unit owned (Article III Section 2)

Amendments

By vote of two-thirds (2/3) of lot owners (per Amendment); also after 30 years, majority of owners may change covenants (Article VI point 7C; Restrictive Covenan)

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