Driftwood Drive Townhomes

Key facts from Driftwood Drive Townhomes's documents

Community type

Covenant / Planned Community

Legal name

Driftwood Drive Townhomes

Developer / declarant

Driftwood Group, LLC

Assessments & dues

Board adopts annual budget and sets annual assessment to meet obligations (Sections 6.3.3, 6.4)

Special assessments

Allowed, requires Board, Class B approval, and 2/3 vote of Class A members; emergency by unanimous board vote (Sections 6.5.1, 6.5.2)

Collections & liens

Yes, continuing lien on unit, power of sale, foreclosure (Sections 6.8-6.11)

Reserves & fees

Board shall build and maintain adequate reserves for working capital, contingencies, replacement (Section 6.3.4)

Parking & vehicles

Only in unassigned parking areas originally created or designated by Board (Section 8.6)

Architectural approval

ARB shall notify within 60 days of completed application; if no response, deemed disapproved (Section 7.6)

Solar & roof

Solar panels subject to ARB approval, must conform to architectural design and be concealed (Section 8.16)

Home business

Allowed as home occupation, incidental, no change in appearance, no traffic, no noise (Section 8.2)

Signs & flags

One sign conforming to ARB guidelines; 'For Rent' signs subject to ARB approval; Declarant and Association exempt (Section 8.9)

Maintenance

Association maintains Common Areas; owner maintains unit and limited common areas (HVAC) (Sections 1.7, 1.8)

Insurance

Liability, casualty (including windstorm, flood), fidelity bonds (Section 9.2)

Use restrictions

Prohibited; board has discretion (Section 8.4)

Voting & meetings

Class A: one vote per unit; Class B (Declarant): ten votes per unit (Section 5.2.1)

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