Shetland Farms

Key facts from Shetland Farms's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

LIBERTY LAND COMPANY, LLC

Assessments & dues

$650.00 per year as of date of Declaration; Board may adjust annually. (Article IX.D)

Special assessments

Allowed for capital expenditures not projected from Reserve Fund; requires 51% Member approval if cost > $20,000 or indebtedness > $50,000; notice 30-60 days. (Article IX.E)

Collections & liens

Unpaid assessments and contributions become a continuing lien on the Lot, subordinate to first mortgage; lien valid for 5 years from filing; Association may foreclose. (Article IX.G.3)

Reserves & fees

Board may establish Reserve Fund for operation, maintenance, and insurance of Common Property. Initial contribution $650 per improved Lot. Certain transfers exempt. (Article IX.A, IX.B)

Pets

Yes, ordinary domesticated household pets (dogs, cats, etc.) not exceeding 3 total. No animals, livestock, poultry. (Article IV.E)

Leasing & rentals

Yes, but no hotel/transient uses. All leases in writing, minimum term of at least one year, subject to Declaration. (Article IV.I)

Parking & vehicles

Board may create parking rules. No commercial trucks, commercial vehicles, boats, trailers, campers, mobile homes on streets or Lots (except enclosed) for more than 48 hours in any 30-day period. Pickup trucks allowed if no business supplie (Article IV.J)

Signs & flags

Permitted: marketing signs by Builder, street/ID signs by Association/Developer, one temporary for sale sign per lot (max 6 sq ft), one temporary sign up to 14 days for private/public event, pond warning signs, county permit signs, small ho (Article IV.D)

Use restrictions

Each Lot shall be occupied and used exclusively for single-family residential purposes and purposes customarily incidental thereto. (Article IV.A)

Voting & meetings

Each Owner has one membership per Lot; one vote per Lot in elections after Turnover Date; voting may be suspended for unpaid assessments after 30 days. (Article VII.A, Article VII.B, Article IX)

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