Villas at Woodfin Ridge

Key facts from Villas at Woodfin Ridge's documents

Community type

Covenant / Planned Community

Legal name

Villas at Woodfin Ridge

Developer / declarant

Villas at Woodfin Partners, LLC

Assessments & dues

Set annually by Board in budget; uniform rate per Lot. (Article X, Section 10.3: The budget will)

Special assessments

Permitted for shortfalls in budget or for extraordinary costs; levied at uniform rate per Lot; Board may allow installment payments. (Article X, Section 10.5)

Collections & liens

Assessment creates a continuing lien on the Lot, superior except ad valorem taxes and first mortgages. Association may foreclose the lien. Personal obligation also. (Article X, Sections 10.2, 10.9)

Reserves & fees

Budget includes contributions to reserve funds. (Article X, Section 10.3: contributions t)

Pets

Reasonable number of dogs, cats, or other small household pets allowed. (Article XII, Section 12.21)

Leasing & rentals

Lots and Dwelling Units may only be Rented in their entirety. (Article XII, Section 12.17(a): Lots and )

Parking & vehicles

On-street parking is permitted temporarily for Owner’s guests and invitees only. (Article XII, Section 12.3(b): On- street)

Architectural approval

Prior approval required for any Improvement, alteration, change, addition, or modification of exterior portions of a Lot or Dwelling Unit, including buildings, structures, pools, fences, landscaping, color changes, etc. (Article XI, Section 11.2)

Home business

Prohibited without written approval of Board; exception for Declarant's construction/sales activities. (Article XII, Section 12.1: no commercial)

Use restrictions

All Lots and Dwelling Units shall be used for single-family residential purposes only. (Article XII, Section 12.1)

Voting & meetings

Two classes: Class A (one vote per Lot), Class B (Declarant: two votes per Lot and two votes per 0.5 acre of undeveloped land). Only one vote per Lot exercised; Class B members may appoint all board members during Class B Control Period. (Article IV, Sections 4.1-4.2)

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