Falconbridge

Key facts from Falconbridge's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (HOA) (Document title and Association name)

Units / lots

163 as of April 1998 (1998 document recital: 'as of this date )

Developer / declarant

Goforth Properties, Inc. (Article I, Section 6)

Assessments & dues

Maximum $300 per lot originally; may be increased by CPI without vote; further increase requires 60% member consent (Article IV, Section 3)

Special assessments

Allowed for capital improvements with consent of 60% of members (Article IV, Section 4)

Collections & liens

Assessments are a continuing lien; Association may foreclose. Lien subordinate to first mortgage. (Article IV, Sections 1, 8, 9)

Reserves & fees

5% penalty on unpaid balance for dues not paid by end of quarter billed (Article IV, Section 8)

Pets

Yes, but must be under owner's control and not allowed to roam free (Article X, Section 3: 'All pets shall be)

Leasing & rentals

Implicitly allowed; owner may delegate enjoyment of common area to tenants (Article II, Section 2)

Architectural approval

Yes, for any building, rebuilding, fence, wall, or other structure, or exterior addition/change/alteration (Article V, first paragraph)

Use restrictions

Properties may be used only for residential purposes and incidental or necessary uses (Article X, Section 2)

Voting & meetings

One vote per lot with certificate of occupancy on general matters; owners of lots without certificate have no vote on general matters but one vote on amendments. Votes may be suspended by Board for just cause. Failure to return signed ballo (Article III, Sections 1, 2, 3)

Amendments

Amendment requires approval of 60% of lots, evidenced by signed ballots or meeting vote; must be recorded. No amendment may substantially diminish owner's interest. (Article XII, 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.