Cornerstone Place

Key facts from Cornerstone Place's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Cornerstone Place Homeowners Association

Developer / declarant

Habitat for Humanity of Kitsa Washington non-profit corporation

Governing law

Washington State law implied (reference to 'Washington law' in Section 10.4) (Section 10.4)

Assessments & dues

Set by annual budget; not fixed in declaration (Section 4.3)

Special assessments

Allowed; Board may levy after budget ratification or for emergency (Section 4.5)

Collections & liens

Yes; assessments are a lien on the Lot, superior to all except first mortgage; can foreclose (Section 4.6)

Reserves & fees

Required; capital budget to include reserves for capital elements (Section 4.3)

Pets

Yes, but subject to restrictions: no commercial breeding; must be leashed; owner cleanup (Section 6.10)

Leasing & rentals

Only with prior written consent of Declarant (while Declarant owns lots) or as otherwise permitted (Section 6.8)

Parking & vehicles

Prohibited (Section 6.7.2)

Architectural approval

Yes for any exterior improvement, construction, alteration (Section 6.3)

Home business

Permitted only with prior written approval of Board and Declarant (Section 6.2)

Maintenance

Association maintains Common Property (roads, stormwater, entry features). Owner maintains Lot and all improvements. (Section 5.1, 5.3)

Insurance

Deductible shall be common expense or allocated among responsible parties (Section 7.7)

Use restrictions

Yes; no business except with approval (Section 6.2)

Voting & meetings

One vote per Lot; when multiple owners, they designate one voter; proxy allowed (Section 3.4)

Amendments

Unilaterally by Declarant to comply with laws or mortgage requirements; otherwise by 2/3 vote of Lot Owners with Declarant consent if Declarant owns property, or by Board and 2/3 of Owners (Section 13.4)

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