Timber Hollow Homeowners Association

Key facts from Timber Hollow Homeowners Association's documents

Community type

Homeowners Association

Legal name

Timber Hollow Homeowners Association

Assessments & dues

Board shall fix assessments to Members in an amount at least sufficient to maintain the Common Property as contemplated by this Declaration. The amount of monies needed by the Association and the manner of expenditure thereof shall be a mat (Article 5, Section 5.1)

Special assessments

Board may impose a special assessment in case of any immediate need or emergency, subject to the same 10% increase approval requirement if the total increase exceeds 10% (Article 5, Section 5.4 – provided that n)

Reserves & fees

$50 administrative charge per purchaser, payable at or prior to closing (Addendum Section B – Each purchaser will)

Leasing & rentals

Yes, with regulation requiring lease rider (Addendum Section D – All leases for unit)

Voting & meetings

Approval of a Majority of those Association Members participating in any vote, whether by attendance or proxy (Article 5, Section 5.1 – provided, howev)

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