Welchire Falls

Key facts from Welchire Falls's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

25 (Lots 1 through 25 inclusive) (Article I, Page 1)

Developer / declarant

WELCH BUILDERS, INC.

Assessments & dues

Determined by Board of Directors as reasonably necessary to meet budgeted expenses (Section 4.6, Page 11-12)

Special assessments

May levy special assessment for capital improvements on Common Area; payable in lump sum or installments with interest as determined by Board. (Section 4.7, Page 12)

Collections & liens

Unpaid assessments become a continuing lien on the lot; Association may foreclose. Lien subordinate to first mortgage. Personal obligation remains with owner at time assessment fell due unless assumed by successor. (Sections 4.4, 4.10, 4.11, Pages 11-12)

Reserves & fees

Board of Directors may establish a reserve account from assessments. (Section 4.6, Page 12)

Pets

Dogs, cats, or other household pets traditionally recognized in this geographic area may be kept, but not for commercial purposes. (Section 2.5, Page 4)

Parking & vehicles

No trailer, boat, truck, recreational vehicle or other vehicle except an automobile may be parked on any street for more than an aggregate of 24 hours in any calendar year. No automobile habitually or continuously parked on any street or ri (Section 2.3(c),(d), Page 3)

Home business

No trade or business of any kind (including practice of medicine, dentistry, chiropody, osteopathy, etc.) permitted on any lot. Exception: model home used by builder for up to 24 months; Developer's sales office until all lots sold. (Section 2.8, Page 5)

Signs & flags

No sign for advertising or any other purpose except: one sign for sale or rent not exceeding 9 sq ft; Developer may erect larger signs for advertising the subdivision, lot number signs, and sold signs with purchaser name. Occupant name sign (Section 2.9, Page 5)

Use restrictions

No lot shall be used except for private single-family residential purposes. 'Family' includes domestic servants living on premises. (Section 2.1, Page 1)

Voting & meetings

Two classes: Class A (all lot owners except Developer) one vote per lot; Class B (Developer) one vote per lot in any phase until conversion. If multiple owners of a lot, they must vote together; no split votes. (Section 4.13, Page 13)

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