Montague

Key facts from Montague's documents

Community type

Covenant / Planned Community

Legal name

Montague Section 1

Governing law

Real Estate Development Act (Recitals: 'Submission to Real Estate Dev)

Assessments & dues

$100 per Lot per year initially (Section 2.6(B) (page 6))

Special assessments

Allowed for cost of construction, unexpected repair or replacement of a described capital improvement (Section 2.6(C) (page 7))

Collections & liens

Association may file notice of assessment lien; unpaid dues, interest, costs, and attorney's fees are first paid from sale proceeds, except prior taxes, judgments, mortgages, and mechanic's liens (first mortgage has priority); voluntary con (Sections 2.6(E), (F), (G) (pages 7-8))

Reserves & fees

As provided in the Bylaws (Section 2.6(G) (page 8))

Use restrictions

Single family residences only; no commercial use (Section 3.1 (page 9))

Voting & meetings

Class A: 1 vote per Lot; Class B (Declarant): 3 votes per Lot; per Lot only one vote cast (multiple owners must agree); Class B converts to Class A when Class A votes equal Class B votes, on January 1, 2020, or earlier at Declarant's discre (Article I – Property Rights (pages 4-5))

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