Villa Marbella Homeowners Association, Inc.

Key facts from Villa Marbella Homeowners Association, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Nonprofit mutual benefit corporation organized under Chapter 82 of Nevada Revised Statutes (Article II)

Legal name

Villa Marbella Homeowners Association, Inc.

Governing law

Nevada Revised Statutes Chapter 116 and 116A (Declaration §1.1)

Assessments & dues

Board prepares budget and distributes to owners 30-60 days before fiscal year; regular assessments based on budget. Assessments payable in monthly installments unless Board changes. Twice a year payment: due April 1 and October 1. (Declaration §6.6, §6.8, §6.9)

Special assessments

Board may levy by majority vote if budget inadequate. Also for necessary maintenance/repair of a Lot if owner fails after notice. (Declaration §6.7)

Collections & liens

Association has a lien for unpaid assessments, including fines, fees, attorneys' fees, etc. Lien prior to all other liens except real estate taxes, first security interests recorded before delinquency, and certain government charges. Lien m (Declaration §7.1, §7.2)

Reserves & fees

Must maintain adequate reserves; budget must include contributions to reserve account and a reserve study. Statement prepared annually. (Declaration §6.6(b))

Pets

Yes, common and ordinary household pets (dogs, cats, etc.) but no livestock, fowl, or other animals. No breeding for commercial purposes. Maximum of 4 pets per household. (Declaration §3.11)

Leasing & rentals

Not explicitly prohibited; lease defined as agreement for leasing or rental of any portion of the Subdivision. No specific restrictions on leasing in these documents. Possibly allowed but subject to rules. (Declaration §1.20 (definition), and abse)

Parking & vehicles

Prohibited from midnight to 7:00 A.M. (except temporary recreational vehicle loading/unloading not to exceed 48 hours). (Declaration §3.32, §3.33)

Fences

Front yards from frontmost point of residence shall not be fenced, other than by fences coordinated with approved landscaping plan that permits visibility. No wall, fence, hedge or shrub planting that obstructs sight lines at elevation betw (Declaration §3.25, §3.27)

Architectural approval

Yes, Architectural Committee (or Board) must approve plans for any structure, outbuilding, fence, wall, retaining wall, or any construction activity or Improvement. Also for exterior color scheme changes, redecoration that alters exterior. (Declaration §3.17, §3.18)

Setbacks / home size

Front building setback not less than 20 feet from front lot line. Minimum interior side yard setback not less than 5 feet. Rear yard setback not less than 20 feet. (Declaration §3.30)

Maintenance

Each Owner maintains Lot and improvements at own expense. Association maintains roadways, parking areas, roads, ditches, all landscaped and open areas along roadways, including snow removal and landscaping. (Declaration §5.3; §3.34)

Insurance

Association obtains property insurance on Common Area (min 80% actual cash value), commercial general liability, crime insurance (min 3 months aggregate assessments plus total reserves or $5,000,000 whichever less), workers' comp, errors & (Declaration §8.1-8.7)

Use restrictions

Only single-family dwelling units used solely for residential purposes allowed. (Declaration §3.1)

Voting & meetings

One vote per lot. Joint owners must agree; if more than one vote cast, all void. Only one class of membership. (Bylaws §3.02; Declaration §4.3)

Amendments

Articles of Incorporation amended by majority vote or written consent of Members. Bylaws amended by vote of majority of Owners at a meeting or by written ballot. Declaration amended by Association and Owner approval. Restrictions: no amendm (Articles of Incorporation Art. VIII; Byl)

Amenities

Common Area includes private streets, outer walls, certain landscaping. No pool, clubhouse, gym, etc. mentioned. (Declaration §1.9)

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