Deramus Garnet M

Key facts from Deramus Garnet M's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Wehapa Lakes, Inc.

Developer / declarant

Wehapa Lakes, Inc.

Assessments & dues

Annual assessments are set by 2/3 vote of Stockholders, uniform per lot, due March 1st each year. (Article IV Sections 2, 6, 7)

Special assessments

Special assessments for capital improvements require assent of two-thirds (2/3) of votes of Stockholders at a duly called meeting. (Article IV Section 3)

Collections & liens

Unpaid assessments, interest, costs, and attorney's fees are a continuing lien on the Lot. Corporation may file a claim of lien with power of sale. Lien subordinate to mortgages. Mortgage foreclosure extinguishes liens for assessments due p (Article IV Sections 1, 8(b), 9)

Reserves & fees

Interest at the maximum legal rate per annum from the date of delinquency. (Article IV Section 8(a): 'interest there)

Pets

Not explicitly prohibited, but raising, breeding, or keeping animals for commercial purposes is prohibited. (Article VII Section 1(b): 'raising, bree)

Architectural approval

Plans and specifications for new construction or exterior changes must be submitted to and approved in writing by the Board or an Architectural Committee. (Article VI: 'until the plans and specifi)

Home business

No trade or business purposes, including any type of home industry, are permitted. (Article VII Section 1: 'no trade or busi)

Setbacks / home size

No structure within 50 feet of lateral boundary line without approval of Architectural Committee and adjacent Lot Owner. (Article VII Section 2(c))

Use restrictions

Each Lot will be used for residential purposes only. (Article VII Section 1: 'The Property and)

Voting & meetings

Each Stockholder may vote in person or by proxy; when multiple owners, a single Designated Voter must be named to cast votes. (Article III Section 7 (Designated Voter))

Amendments

Amendment requires instrument signed by Owners of not less than two-thirds (2/3) of the Lots and Stock, and must be recorded. (Article VIII Section 5: 'This Declaratio)

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