Walden Ridge Community Association, Inc.

Key facts from Walden Ridge Community Association, Inc.'s documents

Community type

Single-family residential planned community (Statement of Purpose and Article VI Sect)

Legal name

Walden Ridge Community Association, Inc. (Article I Section 1)

Units / lots

Up to 450 lots (Article II Section 2: 'not result in mor)

Developer / declarant

BEST EQUITY VENTURES ORGANIZATION I, LLC

Assessments & dues

Initial maximum $30.83 per month per lot (Article V Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; personal obligation of owner at time assessment fell due; Association may foreclose or sue (Article V Sections 2 and 8)

Reserves & fees

Delinquent after 15 days; interest 18% per annum; late charge set by Board (Article V Section 8)

Pets

Yes, usual household pets only, no more than 3 over 6 months; no livestock or poultry (Article VI Section 8)

Leasing & rentals

Not expressly addressed in provided sections; Owner may delegate easement rights to tenants (Article III Section 2: 'An Owner may del)

Home business

Not expressly addressed (residential use only may imply no business) (Article VI Section 1: 'used for resident)

Use restrictions

Yes (Article VI Section 1: 'shall be used for)

Voting & meetings

Class A: one vote per lot; Class B: three votes per lot (Declarant/Builder). When more than one owner, only one vote per lot collectively. (Article IV Section 2)

Amendments

First 20 years: 90% of Owners; thereafter: 75% of Owners; must be recorded (Article IX Section 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.