Chisel Run Homeowner Association II, Inc.

Key facts from Chisel Run Homeowner Association II, Inc.'s documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowner Association II, Inc.) (Articles of Incorporation, Article I)

Units / lots

122 (Lots 1 through 122 as shown on plat, plus common area) (Declaration, Exhibit A (description))

Developer / declarant

Old Town Farms, Inc., a Virginia corporation (Declaration, opening paragraph)

Governing law

Chapter 2 of Title 13.1 of the Code of Virginia (Non-stock Corporation Act) (Articles of Incorporation, introductory )

Assessments & dues

Maximum $360 per Improved Lot initially (until Effective Date). Unimproved Lots: no less than 25% of Improved Lot assessment. (Declaration, Article IV Section 3)

Special assessments

Permitted for capital improvements with assent of 2/3 of each class. (Declaration, Article IV Section 4)

Collections & liens

Assessments are a continuing lien on the lot, inferior only to taxes and recorded deeds of trust. Association may foreclose or bring personal action. Lien extinguished upon mortgage foreclosure for prior due assessments. (Declaration, Article IV Sections 1, 8, 9)

Reserves & fees

$10 for monthly payment if not received within 10 days after due date. (Bylaws, Article XI Section 2)

Pets

Household pets allowed, not bred or maintained for commercial purposes. No animals or fowl that cause annoyance. Owners liable for damage by pets. Must comply with all applicable laws. (Declaration, Article VIII Section 5; Byl)

Architectural approval

Plans and specifications for any building, fence, wall, or exterior alteration must be submitted to Board of Directors or Architectural Committee for approval. (Declaration, Article V)

Insurance

Each owner shall maintain fire insurance with extended coverage on improvements on their lot. (Declaration, Article VIII Section 16)

Voting & meetings

Class A (all owners except Declarant): one vote per lot. Class B (Declarant): three votes per lot until conversion. Class B ends when Class A votes equal Class B or by January 1, 1989 (Articles) or December 31, 1989 (Declaration). (Articles of Incorporation, Article VI; D)

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