Leisure World Verde Del Sur

Key facts from Leisure World Verde Del Sur's documents

Community type

homeowners_association as of 2003 (Leisure World Community Association (an )

Legal name

Leisure World Community Association as of 1986 (Article I, Section 3)

Developer / declarant

Western Savings and Loan Association as of 1986 (First paragraph of original Declaration)

Age restriction

At least 80% of Units must have at least one resident who is 55 years of age or older; no person under 45 years of age may reside in any unit. as of 2003 (Article II, Section 1 as amended (page 1)

Assessments & dues

Determined annually by Association; no fixed amount specified as of 1986 (Article VI, Section 1)

Special assessments

Not explicitly named; all assessments are Project Charges or Community Facilities Charges as of 1986 (Article VI, VII)

Collections & liens

Assessment lien recorded; enforceable by foreclosure like real property mortgage, no right of redemption as of 1986 (Article VII, Section 2)

Reserves & fees

Not specifically required; operating budget includes reserves (Article VI Section 1(f)) as of 1986 (Article VI, Section 1(f))

Pets

Dogs, cats, or other household pets allowed subject to Association approval; no commercial breeding as of 1986 (Article II Section 4)

Leasing & rentals

Implied through Right of First Refusal; subject to Association approval of buyer/tenant standards as of 1986 (Article XIV)

Fences

Fences require ARC approval (included in structures under Article VIII) as of 1986 (Article VIII, Section 1(a))

Architectural approval

Architectural Control Committee approval required for any sign, lighting, awning, fence, antenna, etc., except concurrent with construction or proper maintenance as of 1986 (Article VIII, Section 1(a) and (b))

Home business

No religious, professional, commercial or industrial operations except as permitted by Board or Declarant as of 1986 (Article II Section 7)

Signs & flags

No sign without Association approval, except Declarant's sales signs as of 1986 (Article II Section 3)

Use restrictions

Each Lot shall be used for the location of a single private, permanent residential dwelling, and for no other purpose. as of 2003 (Article II, Section 1 as amended (page 1)

Voting & meetings

Each Owner entitled to voting rights per Articles of Incorporation and Bylaws as of 1986 (Article III)

Amendments

May be amended by instrument signed and acknowledged by President and Secretary of Association, certifying approval by vote or written consent of at least three-fourths (3/4ths) of Record Owners in the Project. as of 2003 (Recital C: Article XI of the Declaration)

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