Tymber Trace Homeowners Association, Inc.

Key facts from Tymber Trace Homeowners Association, Inc.'s documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I Section 1 (definition of Assoc)

Assessments & dues

Maximum $300.00 per lot until January 1 of the year after first lot conveyance; thereafter may increase up to 5% per year without vote. (Article IV Section 3)

Special assessments

Allowed for capital improvements with two-thirds vote of each class. (Article IV Section 4)

Collections & liens

Assessments are a continuing lien; Association may foreclose or bring action at law. (Article IV Sections 1 and 8)

Architectural approval

ARB must render decision within 60 days; if not, deemed approved. Appeal to Board of Directors within 30 days; Board has 40 days. Further appeal to membership meeting. (Article V Section 3)

Voting & meetings

Two classes: Class A (owners except Declarant) one vote per lot; Class B (Declarant) three votes per lot. Class B ceases when Class A votes equal Class B votes, or on January 1, 1994, whichever earlier. (Article III Section 2)

Amendments

First 20 years: 90% of owners. Thereafter: 75%. Developer may amend within 5 years for scrivener's errors or government requirements without owner approval, not materially affecting rights. Amendments affecting subordination require mortgag (Article VII Section 4)

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