Grove Street Condominium Association, Inc.

Key facts from Grove Street Condominium Association, Inc.'s documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (The Grove Home Owners Association, Inc.) (Article 1 Section 1)

Assessments & dues

Not fixed; determined by Board each year subject to maximum increase provisions. (Article IV Section 4)

Special assessments

Yes, for capital improvements, repairs, etc. Requires approval of 2/3 of each class of members voting in person or by proxy. (Article IV Section 5(b))

Collections & liens

Assessment creates a continuing lien on the Lot and Townhouse. Association may foreclose like a mortgage, including power of sale. Personal obligation of Owner also enforced. Lien subordinate to first mortgage held by Institutional First Mo (Article IV Sections 1, 8, 9)

Reserves & fees

Board may, but is not required, to establish a replacement and repair reserve from member contributions to capital. Funds must be deposited in insured accounts or invested in US obligations. Cannot be commingled; must be allocated to specif (Article XIV)

Pets

Yes, dogs, cats, or other household pets allowed, but not kept for commercial purpose. (Article IX Section 8)

Leasing & rentals

Yes, Owners have absolute right to lease Lots, subject to covenants and restrictions, Bylaws, and rules. But no transient rentals (less than 30 days or with hotel services). (Article IX Section 16)

Parking & vehicles

Not explicitly stated, but motor vehicles allowed on private streets; parking areas mentioned. (Article IX Section 17)

Architectural approval

Yes, plans and specifications for any building, fence, wall, structure, or exterior addition/alteration must be submitted to Board of Directors or Architectural Committee for approval as to harmony of external design and location. (Article VI Section 1)

Home business

Explicitly prohibited: no professional, business or commercial activity including legal/medical services, beauty parlor, music/dancing lessons, child care centers. (Article IX Section 1)

Maintenance

Exterior and structural portions of buildings maintained by Association = includes roof (structural part). (Article VIII Section 2)

Insurance

Minimum deductibles available. (Article IV Section 12(a), (b))

Use restrictions

Property restricted to residential dwellings; no professional, business or commercial activity on any Lot (exceptions for recreational facilities, model homes, sales office by Declarant). (Article IX Section 1)

Voting & meetings

Two classes: Class A (each Owner, except Declarant, one vote per Lot); Class B (Declarant, three votes per Lot owned). Class B converts to Class A after 3 years from when Class A votes equal or exceed Class B, or when Declarant sells last L (Article III Section 2)

Amendments

May be amended by instrument approved by Owners of not less than 66 2/3% of Lots. However, while Class B membership exists, Declarant may amend at its sole discretion as long as amendments are reasonable. Anything required by court, governm (Article XVI 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.