Irons Lane Subdivision

Key facts from Irons Lane Subdivision's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

subdivision (Subdivision known as "Iron's Lane Subdiv)

Legal name

Iron's Lane Property Owners Association, Inc.

Developer / declarant

William R. Murray

Governing law

General Corporation Laws of the State of Delaware (Paragraph 11A: "under the General Corpor)

Assessments & dues

Amount determined by the Board after considering current and future maintenance needs (Paragraph 11D(c): "the amount of said ch)

Special assessments

Permitted; assessed per single-family residential lot (Paragraph 11D(c): "special assessment ch)

Collections & liens

Assessments are a charge on the land and a continuing lien, subordinate to first mortgage; Association may foreclose; personal obligation also enforced (Paragraph 11E(a): "shall be a charge on )

Voting & meetings

One vote per lot; when multiple owners, one vote per lot exercised as they determine; no more than one vote per lot (Paragraph 11A & 11C: "Every lot owner sh)

Amendments

Requires consent of lot owners (as per paragraph 2 of original restrictions) and recording becomes effective ("THIS IS A CONSENT, as required by parag)

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