The Trails South 4th

Key facts from The Trails South 4th's documents

Reflects the 1980 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

subdivision (Section 1: "the Properties" defined as T)

Developer / declarant

First Service Corporation (First paragraph)

Assessments & dues

Maximum annual assessment set at first meeting after first lot conveyance; thereafter may be increased by two-thirds of members (Article IV, Sections 3 and 4)

Special assessments

Levied by Association for capital improvements with assent of two-thirds of members voting in person or by proxy (Article IV, Section 4)

Reserves & fees

6% per annum on assessments unpaid 30 days after due date (Article IV, Section 8: "assessments... s)

Use restrictions

Lots shall be used for residential purposes only; no store or business; dwelling house occupied by single family (Article VII, Section 1)

Voting & meetings

Class A: one vote per lot owned; Class B (Declarant): three votes until conversion to Class A upon meeting conditions (Article III, Section 2)

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