The Landings Homeowners Association Inc

Key facts from The Landings Homeowners Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Homeowners Association of The Landings, Inc. (also referred to as The Landings Homeowners Association, Inc.) (Art I, A (Page 3))

Developer / declarant

JNK, LLC, a Delaware limited liability company; joined by Tony Ashburn & Son, Inc. (Signature page 17)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; delivered to owners at least 15 days prior to meeting; budget becomes effective unless disapproved by majority of Class A or Class B. Assessments allocated equally among residential (Art II, §3 and Item (i) (Page 7))

Special assessments

May levy special assessment for capital improvements, with assent of majority of Class A and Class B. (Art II, §3 Item (iii) (Page 7))

Collections & liens

Assessment may be recorded as lien by Affidavit of Lien for non-payment. Enforcement expenses including attorney fees become a lien. (Art II, §2(i) (Page 7); Art V, §4 (Page )

Reserves & fees

Annual budget may include reserve for Capital Improvements and Operating reserves. Board annually prepares capital budget and sets required capital contribution. (Art II, §3 Items (ii) and (iv) (Pages 7-)

Voting & meetings

Two classes: Class A (lot owners, 1 vote per lot) and Class B (Declarant, votes equal to lots owned). Until 75% lots sold, only Class B votes; thereafter majority of Class A plus Class B required for affirmative action. (Art I, §2 (Pages 5-7))

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