Kalidy Landing

Key facts from Kalidy Landing's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Assessments & dues

$400.00 per Lot annually (initial Base Assessment). (Exhibit "E" (page 64).)

Special assessments

Association may levy Special Assessment for capital improvements, etc., with consent of Class B if exists (or 75% Member vote if no Class B). (Section 8.4 (page 23).)

Collections & liens

Association has lien for unpaid assessments. Foreclosure of purchase money mortgage extinguishes prior assessment liens. Sale or transfer does not affect lien for subsequent assessments. (Section 8.7.2 (page 25-26).)

Reserves & fees

Interest at 10% per annum from due date, or higher rate allowed by law. (Section 8.7.1 (page 25).)

Pets

Usual and common household pets allowed, subject to restrictions. (Exhibit "C-1" section 2.4 (page 42).)

Fences

Fences subject to DRB approval. Should be installed before builder closes on house with buyer. Types limited (e.g., brick or rock mailboxes). (Exhibit "F" 3.3.2(15) (page 72), (17) (p)

Architectural approval

All new construction and modifications require prior written approval from Design Review Board. (Section 4.1 (page 11-12).)

Home business

Allowed if no signs, no door-to-door solicitation, no daycare, no excessive traffic, no outside storage, no non-residents employed. (Exhibit "C-1" section 2.6 (page 44).)

Signs & flags

Job site signs subject to DRB approval. Home business signs prohibited. (Exhibit "F" 3.3.2(10) (page 72); Exhibit)

Setbacks / home size

Must meet requirements of Final Development and Plat. (Exhibit "F" 4.4 (page 70).)

Maintenance

Owner maintains Lot and improvements; Association maintains Common Area including facilities and equipment. (Section 5.1 (page 16-17), Section 7.2 (p)

Insurance

Association must obtain property insurance (replacement cost), general liability ($2 million minimum per occurrence), directors and officers liability, fidelity bond, workers comp, and other coverages. (Section 7.3.1 (page 17-18).)

Use restrictions

Lots intended for residential use (attached/detached single-family). (Section 2.22 definition of Lot (page 9);)

Voting & meetings

Two classes: Class A (each Owner per Lot one vote) and Class B (Declarant). Class B controls during control period. (Section 6.3 (page 15-16). Bylaws Article)

Amendments

By Declarant unilaterally until termination of Class B control for specified purposes; by Members with 75% affirmative vote (or different percentages for certain sections). Class B consent needed for amendments affecting its rights. (Section 18.1-18.2 (page 37-38).)

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