Walden Farms

Key facts from Walden Farms's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Walden Farms Owner's Association

Units / lots

14 (Lots 1 through 14, inclusive) (Exhibit A)

Developer / declarant

RLF Signal Properties, LLC

Assessments & dues

Board sets annual Common Assessment based on estimated budget; budget subject to ratification by majority of Owners present and voting (or by mail ballot); if rejected, prior budget continues (Section 11.5)

Special assessments

Allowed for construction, repair, replacement of Common Area improvements; must follow same procedure as annual assessment (Section 11.5) (Section 11.8)

Collections & liens

Association has lien for assessments; lien may be foreclosed in like manner as a mortgage on real estate; lien prior to all except pre-recorded liens, first mortgage, and tax liens (Section 11.12)

Reserves & fees

Association will not collect reserve funds until 75% of Lots sold to non-Declarant; thereafter reserves at Association's sole discretion; no obligation to fully fund replacement (Section 11.14)

Pets

Domesticated dogs and cats allowed as pets; horses/goats allowed per acreage formula (Section 4.12)

Leasing & rentals

Impliedly allowed; Owner may assign rights to contract purchaser, tenant, or First Mortgagee but remains responsible (Section 7.3)

Fences

Only fences installed by Declarant/Association, ACC approved (height, location, materials, animal pens), or not visible from adjoining Lots or Common Areas; use of four-rail black fencing encouraged (Section 4.6)

Architectural approval

ACC shall approve or disapprove within 30 days following submittal; failure to disapprove in writing within 30 days deemed approval (Section 6.5)

Signs & flags

Only signs permitted by ACC, professionally painted, lettered and constructed (Section 4.14)

Setbacks / home size

All Improvements (except driveways and fences) set back 100 feet from any Lot line; variance possible from ACC for unsuitable building sites (Section 4.3)

Use restrictions

All Lots used exclusively for private single-family residential purposes; no commercial use permitted (Section 3.1)

Voting & meetings

One vote per Lot; if multiple owners, vote cast by majority agreement; otherwise abstention (Section 7.4)

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