Eastman Community Association

Key facts from Eastman Community Association's documents

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

Community type

Planned residential and recreational community with permanent parks, open spaces and common facilities (WHEREAS clauses)

Governing law

New Hampshire Revised Statutes Annotated (RSA), including RSA 479:25 for foreclosure (whereas (Chapter 292) and 8.9 (RSA 479:2)

Assessments & dues

Fixed annually by Board; comprised of Operating Assessment, Capital Assessment, Retired Lot Adjustment, and Debt Servicing Assessment; Operating Assessment for vacant Lot is 71% of that for improved Lot/Condominium (Article 8.4)

Collections & liens

Assessments are a lien on the property, enforceable by foreclosure in same manner as power of sale mortgage (RSA 479:25); lien is subordinate to first mortgage (Articles 8.2, 8.9, 8.11, 8.12)

Reserves & fees

Capital Reserve Fund: monies from Capital Assessments and Membership Fees used for replacement, restoration, renovation or acquisition of capital assets; interest credited to fund; Finance and Budget Committee verifies expenditures are capi (Article 8.6(b))

Pets

Reasonable number of household pets allowed; no fowl or animals kept on any Lot (Article 12.1(c))

Home business

Professional and trade activities (architecture, law, crafts, artistic work) may be carried on within dwelling provided: no structural alteration, signs limited, no unreasonable noise/odor/appearance, no excessive traffic (Article 12.1(a) sub-conditions)

Use restrictions

Lots and Condominium Units restricted to residential use; no business, commercial, manufacturing or industrial use except professional/trade activities within dwelling under conditions (Article 12.1(a))

Amendments

Amendments require two-thirds vote of Council members present and voting, ratified by majority of Board; written notice to every Member at least 45 days before Council meeting; signed by Secretary and recorded in each county (Article XV (Revised 1/20/01))

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