Federal Hill at Monroe Homeowners Association

Key facts from Federal Hill at Monroe Homeowners Association's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Federal Hill At Monroe Homeowners Association, Inc.

Developer / declarant

PATRIOT COMMUNITIES, LLC

Assessments & dues

From first lot conveyance until December 31, 2010: $576 per Lot per year, pro-rated from date of initial acquisition. (Article V, Section 3)

Special assessments

Board may levy a special assessment for capital improvements (construction, reconstruction, unexpected repair or replacement) at a uniform rate for all Lots, with written notice 30-60 days in advance. Also special assessment for damages/vio (Article V, Sections 4 and 10)

Collections & liens

Unpaid assessments are a continuing lien on the Lot. Association may bring legal action or foreclose. Lien is subordinate to mortgages for assessments due prior to foreclosure sale. (Article V, Sections 7 and 8)

Voting & meetings

Each Member has one vote per Lot owned; Declarant has three votes per Lot until owners other than Declarant own 75% of Lots, then Declarant also has one vote per Lot. When multiple owners, they determine one vote collectively. (Article II, Section 1)

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