Bucks Run Reserve

Key facts from Bucks Run Reserve's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I, Section 1.3: "Association" de)

Assessments & dues

Not fixed; determined by Board annually (Article IV, Section 4.7: "The Board shal)

Special assessments

Permitted for reconstruction, unexpected repair or replacement of capital improvement, or other Board-approved expenditure (Article IV, Section 4.5)

Collections & liens

Assessment becomes a continuing lien; Association may record lien and foreclose like a mortgage (Article IV, Sections 4.11, 4.12)

Reserves & fees

Association may establish reserve accounts for capital expenditures and deferred maintenance for Common Areas (Article IV, Section 4.3(I))

Pets

Yes, normal domesticated household-type pets such as cat or dog (Article VII, Section 7.13)

Leasing & rentals

Yes, with restrictions (Article XI, Section 11.3)

Architectural approval

Yes, all improvements, additions, alterations must be approved in writing by Declarant or Architectural Review Board (Article VI, Section 6.1 and 6.2)

Signs & flags

Generally prohibited except community identification, street/traffic signs, Developer signs, or Board-approved. After Declarant leaves, one 'For Sale' sign per ARB guidelines (Article VII, Section 7.8)

Use restrictions

Property may be used for single-family residential living only (Article VII, Section 7.1)

Voting & meetings

One vote per Lot or Unit owned; if co-owned, vote may be cast by any owner present (Article III, Section 3.2: "one (1) vote )

Amendments

Declarant may unilaterally amend until turnover; after turnover, amendment requires 2/3 vote of Owners (Article XII, Sections 12.1 and 12.3)

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