Shelby Place

Key facts from Shelby Place's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Shelby Place P.D.

Units / lots

118 (Article I Section 5: Lots 1-118; Plat no)

Developer / declarant

TERANSKY LLC

Assessments & dues

Maximum $120 per lot until January after first lot conveyance (Article V Section 3)

Special assessments

Allowed for capital improvements with assent of 2/3 votes of each class (Article V Section 4)

Collections & liens

Assessment is a continuing lien on the property; Association may foreclose or bring action at law (Article V Section 1 and Section 8)

Pets

true (Article VII Section 2(c): 'dogs, cats or)

Leasing & rentals

true (Article III Section 2: 'Any owner may de)

Parking & vehicles

Recreation vehicles and commercial vehicles must be kept in garage or otherwise screened from view (Article VII Section 2(h))

Architectural approval

true (Article VI: 'no structure of any kind...)

Home business

Prohibited except for Declarant during development (Article VII Section 2(d): 'No business a)

Signs & flags

One 'for rent' or 'for sale' sign per lot, max 5 sq ft; model home signs/flags allowed for new houses (Article VII Section 2(d) and (n))

Maintenance

Association maintains Common Area (alleys and cemetery adjacent area); owners maintain their lots; roads, sewers, drainage are public (Article I Section 3(b) and Section 4)

Use restrictions

true (Article VII Section 1: 'All Lots shall n)

Voting & meetings

Two classes: Class A (owners, one vote per lot), Class B (Declarant, three votes per lot until conversion) (Article IV Section 2)

Amendments

Within first 20 years: 90% of Lot Owners; thereafter: 75%; must be recorded; during Class B membership requires HUD/VA approval; Declarant may unilaterally amend until Dec 31, 2005 for governmental/mortgage/development reasons (Article X Section 3, Article IX item 8, )

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