Fairway Townes

Key facts from Fairway Townes's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

177 (The development consists of up to 177 si)

Developer / declarant

STONECUTT, LLC (STONECUTT, LLC (Declarant))

Assessments & dues

maximum initial $110 per month per lot ($1,320 per year) (Article V, Section Four: maximum assessm)

Special assessments

allowed for capital improvements with assent of 2/3 of each class of Members (Article V, Section Five)

Collections & liens

Assessments are a continuing lien on the lot; personal obligation of owner at time due; Association may foreclose; lien subordinate to first mortgage and ad valorem taxes (Article V, Sections One, Nine, Ten)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, and replacement of improvements (Article V, Section Three)

Pets

dogs and cats only; no other animals, livestock, poultry, reptiles (Article IX, Section Seven)

Parking & vehicles

not permitted except in areas specifically designated by Association (Article III, Section Three: Owners shall)

Architectural approval

required for any building, fence, sign, wall, antenna, exterior addition or change (including color, storm doors, windows, plant material, ground cover) (Article VII)

Maintenance

Association maintains roofs (Article VI, Section One: repair, replace)

Insurance

Association obtains insurance on all buildings and improvements to 100% replacement value for fire and extended coverage, plus other custom risks; public liability insurance with limits of at least $1,000,000 per occurrence (Article VIII, Section One)

Use restrictions

true (no portion of the property ... be used e)

Voting & meetings

Class A (owners except Declarant and Builders): 1 vote per lot; Class B (Declarant and Builders): 3 votes per lot until conversion (Article IV, Section Two)

Amendments

amendment only in strict compliance; no amendment altering Special Declarant Rights without Declarant's written consent (Article XIII, Section Three)

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