128 & 130 Davis Court Condominium Association, Inc.

Key facts from 128 & 130 Davis Court Condominium Association, Inc.'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

Davis Court Homeowners Association, Inc. (Section 1.1)

Developer / declarant

Urban 22 Studio, LLC

Assessments & dues

Initial maximum: Lot 33 $1,200, Lot 34 $1,300, Lot 35 $1,500 (apportioned by lot size) (Section 4.3)

Special assessments

May be levied for capital improvements with 2/3 vote of members voting in person or by proxy (Section 4.4)

Collections & liens

Assessment is a lien on the Lot; Association may foreclose or bring personal action; power of sale granted (Section 4.1 and 4.8)

Reserves & fees

Interest at 10% per annum from due date if not paid within 30 days (Section 4.8)

Leasing & rentals

Leases must be in writing and subject to Declaration and Bylaws; lessee's failure constitutes lease default (Section 6.5)

Signs & flags

One sign not exceeding 5 sq ft for sale/rent only; Declarant may have signs during construction (Section 5.4)

Use restrictions

All Lots shall be used for single-family residential purposes only (Section 5.1)

Voting & meetings

Each Lot entitled to one vote; multiple owners determine among themselves; vote suspended for unpaid assessments or infraction up to 60 days (Section 3.1 and Section 2.1(a))

Amendments

First 20 years: by Declarant (if owns any Lot) and Lot Owners; later: by owners? Term 50 years, auto-renew 10-year periods; VA/FHA approval if applicable; Declarant may amend for clerical errors, etc. (Section 6.3)

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