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)

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.