Meadow Acres Estates Homeowners Association

Key facts from Meadow Acres Estates Homeowners Association's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Declarant declares property subject to c)

Developer / declarant

Alvin Richelson Construction Company (Article I Section 6: 'Declarant shall me)

Assessments & dues

Maximum $1,200 per lot until Conversion Date; after Conversion Date, amount set by Board (Declaration Article VI Section 3)

Special assessments

Allowed for capital improvements on Common Area; requires assent of 2/3 of votes of each class of members (Declaration Article VI Section 4)

Collections & liens

Annual and special assessments constitute a continuing lien on the lot; Association may foreclose or sue personally; lien subordinate to first mortgage; sale/transfer extinguishes pre-sale liens (Declaration Article VI Sections 1, 8, 9)

Reserves & fees

Interest at 12% per annum from due date if assessment not paid within 30 days after due date (Declaration Article VI Section 8; By-Law)

Voting & meetings

Two classes: Class A - one vote per lot per owner; Class B - Declarant, originally 10 votes per lot, amended to 3 votes per lot (Declaration Article III Section 2; First)

Amenities

Common Area includes recreational facilities; Association may charge admission fees; Board may adopt rules for use (Declaration Article II Section 1(a); By-)

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