Drake Court Homeowners Association

Key facts from Drake Court Homeowners Association's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Drake Court Homeowners Association

Developer / declarant

Douglas S. Wetter

Assessments & dues

Determined annually by Board budget; levied equally against each Lot (except Lots owned by Declarant or assignee until first conveyance to purchaser). Due in monthly installments on first day of month unless otherwise specified. (Section 10.4)

Special assessments

May be levied by Board for: (a) deficit in operating budget (majority vote); (b) breach of documents (majority vote); (c) repairs to Private Access Tract/Maintenance Area (majority vote); (d) capital additions (51% of all votes, with Declar (Section 10.6)

Pets

Reasonable number of household pets allowed, not kept for commercial purposes. Must be controlled to not be a nuisance. Dogs must be leashed when outside Lot. May be required to remove pet after third written violation notice. Board may ado (Section 4.8)

Leasing & rentals

Yes, subject to conditions: written rental agreement specifying tenant subject to Declaration/Bylaws/Rules, minimum 30-day term, Owner must give tenant copies of governing documents, Owner responsible for tenant violations. (Section 4.6)

Architectural approval

ARC shall use reasonable efforts to decide within 30 working days after receiving all material. If no decision within 30 working days plus additional 10 working days after Owner written reminder, application deemed approved. (Section 6.5)

Home business

Allowed if not observable outside residence, does not significantly increase parking/vehicular traffic, and complies with local ordinances. Board may approve if conditions met. (Section 4.1)

Signs & flags

One 'For Sale' or 'For Rent' sign per Lot, max 24x36 inches. Political signs allowed. Construction/marketing signs by Declarant allowed. No signs on Private Access Tract without City approval. All signs must comply with City ordinances. (Section 4.12)

Use restrictions

Lots shall be used for residential purposes only. No trade, craft, business, profession, commercial or similar activity, except activities relating to sale of residences, construction, home office not observable outside, and not significant (Section 4.1)

Voting & meetings

Two classes: Class A (one vote per Lot for non-Declarant Owners), Class B (Declarant has three votes per Lot until Termination Date). After termination, one vote per Lot. No fractional voting. (Article 7, Section 7.3)

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