Grace Manor

Key facts from Grace Manor's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhouse project (referred to as 'townhouse project', 'townhouse regime', 'townhouse instrument') (Article IV Section 13, passim)

Units / lots

20 (Lots 1-20 residential; Lot 21 is Common Area) (Plat and Article I Section 6 (Lot define)

Developer / declarant

Grace Manor Homeowners Association (through its owners/members) (Page 1 of 39 (Amended and Restated Decla)

Assessments & dues

$75.00 per month (until varied by Board); initially $95.00 per month until October 15 following first lot conveyance (Article IV Section 3 (page 22))

Special assessments

Special assessments for capital improvements require assent of two-thirds (2/3) of votes of each class (Article IV Section 4 (page 22))

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose or bring action at law (Article IV Section 1 and Section 10 (pag)

Reserves & fees

Regular Assessments include reasonable reserves for periodic maintenance; must be deposited in separate bank accounts, held in trust, not commingled (Article IV Section 12 (page 23-24))

Pets

Allowed but Board may reasonably limit number or kind in presence of undesirable side effects (barking, refuse, etc.) (Article II Section 5 (page 20))

Leasing & rentals

Allowed but with restrictions (Article II Section 6 (page 20) - no more)

Architectural approval

Yes, for any temporary or permanent building, fence, tub, wall, storm door, window device, exterior Christmas decoration, container, sign, colored light, antennae, satellite dish, or other construction; also for exterior additions, changes, (Article VI (page 26))

Home business

Prohibited (no business or commercial purpose, and residential only) (Article II Section 6 (page 20))

Insurance

Comprehensive general liability and property damage insurance; fire and hazard insurance on common areas and units (replacement cost, extended coverage, vandalism, malicious mischief); also personal property owned in common (Article VII Sections 1 and 2 (page 27-28)

Use restrictions

Property shall be used for no purpose other than as residences of the occupants; no business or commercial purpose allowed regardless of zoning (Article II Section 6 (page 20) and First)

Voting & meetings

Two classes: Class A (Owners, one vote per lot); Class B (Declarant, two votes per lot until conversion) (Article III Section 2 (page 20-21))

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