Parkwood Villas

Key facts from Parkwood Villas's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (References to 'common area', 'villas', ')

Developer / declarant

Hunter Parker

Assessments & dues

Board prepares annual budget, allocates common charges, advises owners; assessments due in monthly installments on first of month unless board establishes less frequent payment (By-laws Article V Section 2, Page 20)

Special assessments

Emergency assessments require notice and approval by persons entitled to cast more than one-half of the votes (By-laws Article V Section 4, Page 20)

Collections & liens

Unpaid assessments constitute a lien superior to all except property taxes and prior recorded mortgages; may be foreclosed like a mortgage (Article VI Section 4, Page 8)

Reserves & fees

Contributions to provide sufficient reserves for major repairs or replacements; also a reserve fund for replacements (Article VI Sections 1.4 and 1.5, Page 8;)

Pets

Dogs, cats or other household pets may be kept provided they are not for commercial purposes and do not endanger health or unreasonably disturb others (Article III Section 2.3, Page 5)

Leasing & rentals

Units may be rented provided occupancy only by lessee and immediate family unless otherwise provided by Board; no transient tenants (Article III Section 2.7, Page 5)

Architectural approval

Approval of Parkwood Villas required for any house, garage, carport, playhouse, outbuilding, fence, wall or other above-ground structure, and for any exterior addition or alteration (Article III Sections 4 and 5, Pages 6-7)

Use restrictions

Buildings and all units restricted exclusively to residential use (Article III Section 2.1, Page 5)

Voting & meetings

One vote per parcel owner; simple majority (51%) carries motion unless otherwise specified (Article II Section 3, Pages 3-4)

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