Wedgewood Town Homes at Liberty Hall Plantation

Key facts from Wedgewood Town Homes at Liberty Hall Plantation's documents

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

Community type

Town home development (Wedgewood Town Homes at Liberty Hall Plantation) (Overview para 1)

Legal name

Wedgewood Town Homes At Liberty Hall Plantation

Units / lots

74 (Total Planned Units) (Definition of Total Planned Units, Artic)

Assessments & dues

Not fixed; Base Assessment determined by budget: total anticipated Operating Expenses divided by number of Lots/Living Units. During Deficit Funding Period, uses 75% of Total Planned Units. (Article 6.C)

Special assessments

Allowed for capital improvements. After Turnover Date: requires affirmative assent of at least 2/3 of votes of each class at a meeting. Before Turnover Date: if >5% of budgeted OpEx, requires 2/3 vote; if ≤5%, Board may levy without vote. (Article 6.D)

Collections & liens

Assessments plus interest and costs are a continuing lien against each Lot/Living Unit. Lien effective upon recording of written statement. May be foreclosed by action at law or equity. (Article 6.B and 6.H.3)

Reserves & fees

Required for periodic maintenance, repair, replacement of Association Property. Amounts determined by Board. Reserves are exclusive property of Association. (Article 6.R.12)

Insurance

Each Residential Owner must maintain hazard insurance on their Living Unit at full replacement cost, with 30-day notice of cancellation to Association. Must provide copy. If fails, Association may obtain and assess cost as Individual Expens (Article 7.G)

Voting & meetings

Class A: one vote per Lot/Living Unit; Class B (Declarant): two times total Class A votes plus one until Turnover Date (Article 5.B)

Amendments

Prior to Turnover Date: Declarant may amend. After Turnover Date: by vote of members (procedure not detailed). Scrivener's errors may be corrected unilaterally. Amendments to satisfy lending requirements allowed. Amendments must be certifie (Article 13)

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