The Commons at the Fairways Homeowners Association

Key facts from The Commons at the Fairways Homeowners Association's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Property Owners Association) (Article I definition of Association: The)

Legal name

The Commons At The Fairways Property Owners’ Association, Inc. (Article I definition)

Developer / declarant

Bay Creek Development, LLC, a Virginia limited liability company (first paragraph of Declaration)

Governing law

Virginia Property Owners Association Act (Section 55.1-1800 et seq.) (NOW THEREFORE paragraph)

Assessments & dues

Not fixed; Board adopts annual budget and sets Base Assessments based on it (Article X Section 2)

Special assessments

Board may levy Special Assessment up to $1,000 per Member per year without Owner vote; greater than $1,000 requires affirmative vote of not less than one-half of Members and Class B Member (if exists) (Article X Section 3)

Collections & liens

Unpaid assessment becomes lien on the Lot after 30 days; lien may be foreclosed in like manner as mortgage under power of sale under the Act; lien priority except prior recorded encumbrances and tax liens; extinguished if enforcement action (Article X Section 10)

Reserves & fees

Working Capital Assessment may be used for allocations to reserves (implied in Sections 6 and 2A) (Article X Section 6 (working capital inc)

Maintenance

Association scheduled roof replacement (shingles, flashing, venting, moisture barrier) but not sheathing or underlying wood support members (Article VI Section 2)

Insurance

Each Owner must maintain liability insurance of at least $100,000 per occurrence; additional fire/casualty on personal property and alterations optional (Article VIII Section 4)

Voting & meetings

Class A (Lot Owners): one vote per Lot; Class B (Declarant): 15 votes per platted Lot until end of Declarant Control Period (Article IV Section 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.