Magnolia Preserve

Key facts from Magnolia Preserve's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Article 8.01 and throughout)

Developer / declarant

Magnolia Homes, Inc.

Assessments & dues

Until 2019, $300 per lot per year maximum (Article 6.10)

Special assessments

Requires assent of Members representing 2/3 of total votes eligible to be cast (Article 6.03)

Collections & liens

Unpaid assessments become a continuing lien; after 10 days delinquency, sale may be conducted after 21 days public notice (3 weekly publications), subordinate to first mortgage and taxes (Article 6.05)

Reserves & fees

Included in annual expenses; general operating reserve and/or reserve for replacements (Article 6.02(d))

Pets

Yes, dogs, cats, and other household pets may be kept (Article 8.02(g))

Parking & vehicles

Recreational vehicles, commercial vehicles including boats, boat trailers, house trailers, motorcycles, pickup trucks must be kept in garage screened from view (Article 8.02(m))

Architectural approval

Architectural Committee must approve or disapprove within 30 days after submission; if not acted, deemed approved (Article 7.02)

Signs & flags

Two 'for sale' signs not more than 6 square feet each per Lot permitted (Article 8.02(dd))

Setbacks / home size

Minimum heated area: 2,500 sq ft for one-story dwellings, 2,800 sq ft for two-story dwellings, exclusive of porches and garages (Article 8.02(a))

Voting & meetings

Each lot owner one vote per lot; Declarant ten votes per lot owned (Article 3.02)

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