Waters Edge Townhomes

Key facts from Waters Edge Townhomes's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Waters Edge Townhomes

Units / lots

20 (proposed twenty condominium units) (Art. XX (10 years or until 90% sold) and)

Developer / declarant

Waters Edge Townhomes, L.L.C.

Governing law

Chapter 499B, Code of Iowa (Horizontal Property Act) (Art. I §2)

Reserves & fees

Adequate reserve fund for periodic maintenance, repair, replacement of common elements, maintained out of regular assessments. (Art. XII §4)

Pets

Only family pets allowed; no animal pens, sheds, fences or other structures on common area. (Bylaws Art. VIII §1(f))

Signs & flags

No sign displayed to public view except a sign of not more than 5 square feet advertising property for sale, or signs used by builder during construction/marketing. (Bylaws Art. VIII §1(k))

Use restrictions

Apartments shall be used and occupied for single family dwelling purposes only. (Bylaws Art. VIII §1(a))

Voting & meetings

One vote per apartment. Developer gets 3 votes for each unsold apartment until 75% of apartments are sold. Mortgagee not owner unless title acquired. (Art. XI)

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