Carringrton Woods Ccrs

Key facts from Carringrton Woods Ccrs's documents

Community type

Homeowners Association (Definition of Corporation as Carrington )

Legal name

Carrington Woods Property Ownership

Units / lots

Up to 120 (20 buildings × max 6 dwelling units each) (Definition of Building: 'any one of the )

Assessments & dues

Guaranteed not to exceed $90.00 per month until 1 year after recordation, then may increase up to 20% per year (Paragraph 19(e) Regular Assessments Prio)

Special assessments

Requires assent of two-thirds of votes of each class of members voting at a meeting (Paragraph 19(d) Special Assessments)

Collections & liens

Regular and Special Assessments become a lien on the Lot; may be foreclosed as a mortgage or by law (Paragraph 19(f) 'lien for such assessmen)

Reserves & fees

Replacement reserve fund for capital expenditures and replacement/repair of Common Area and exterior of Dwelling Units, maintained in separate interest-bearing account (Paragraph 19(b) 'establishment and maint)

Fences

No fence or wall shall be commenced without prior written approval of Architectural Review Board (Paragraph 17(b) 'no building, fence, wal)

Architectural approval

Prior approval required for any exterior alterations, improvements, fences, walls, etc. (Paragraph 17(b) Conditions: 'No improvem)

Maintenance

Association responsible for Common Area and exterior portions of Dwelling Units as designated; Owner responsible for interior and contents (Paragraph 12(f) duties of Board; Paragra)

Insurance

Owner responsible for insuring contents and personal property; additional insurance at own expense (Paragraph 21(e) 'Each Owner shall be sol)

Use restrictions

Not explicitly stated in provided text, but implied by dwelling units and many restrictions; omitted per rule 3

Voting & meetings

Class A (each Lot one vote); Class B (Declarant, three votes per Lot shown on Conditional Plat) (Paragraph 11(b) Voting Rights)

Amendments

Paragraph 24: Provides for amendment by notice, resolution, meeting, adoption; special amendments require mortgagees' vote; Declarant may amend prior to Applicable Date; recording required (Paragraph 24 (title and subparts from In)

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