Timbercrest (IA)

Key facts from Timbercrest (IA)'s documents

Community type

Covenant / Planned Community

Legal name

TIMBERCREST HOMES ASSOCIATION (Article IV, Section 1)

Units / lots

Lots 77 through 88 inclusive (12 lots) plus Outlot 400 (common area). (Property description)

Developer / declarant

TIMBERCREST DEVELOPMENT, INC., an Iowa Corporation (Preamble)

Assessments & dues

Until January 1, 1983, maximum annual assessment shall be $12.00 per lot. (Article VIII, Section 3)

Special assessments

Association may levy a special assessment in any year for capital improvements, construction, reconstruction, or replacement on Common Area, provided approved by two-thirds vote of members voting in person or by proxy at a meeting called fo (Article VIII, Section 4)

Collections & liens

Assessments are a charge on the land and a continuing lien. Purchasers take subject to lien. Association may bring action at law against owner personally obligated or foreclose the lien. Attorney's fees and costs recoverable. (Article VIII, Section 1 and Section 6 (p)

Pets

No animals, livestock, or poultry of any kind shall be raised, bred or kept on any lot, except that dogs, cats, or other household pets maintained within the dwelling may be kept, provided they are not kept, bred or maintained for any comme (Article I, B)

Parking & vehicles

No boat, camping trailer, snowmobile, auto-drawn or trailers of any kind, mobile home truck, grading or excavating equipment, or other heavy machinery or equipment, vehicle undergoing repair, or aircraft shall be stored outside the garage o (Article I, G)

Fences

Only wood fencing or other types of fencing approved by the Architectural Committee shall be allowed. (Article I, Q)

Home business

No business activities of any kind whatever shall be conducted in any building or on any portion of the subject property. Exception for Declarant during construction and development. (Article I, C)

Signs & flags

No advertising signs except one 'For Rent' or 'For Sale' sign per lot not exceeding five square feet. Billboards and unsightly objects also prohibited. Exception for Declarant during construction and development. (Article I, C)

Use restrictions

The subject property is hereby restricted to residential dwellings for residential use and structures and uses related to the convenience and enjoyment of such residential use. (Article I, A)

Voting & meetings

Each lot is entitled to one vote. When more than one person holds an interest in a lot, they determine among themselves how to vote, but only one vote per lot. (Article VII)

Amendments

These covenants may be amended or terminated by an instrument signed by seventy-five percent (75%) of the owners. (Article IX (page 14-15, extracted from g)

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