Homeplaceth1And

Key facts from Homeplaceth1And's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

The Homeplace Townhomes Association, Inc. (Article I Section 1)

Developer / declarant

Hoying-Huff Investment Properties, Inc. (Preamble)

Assessments & dues

Initial annual assessment to and including December 31, 1984 shall not exceed $600.00 per Lot in Use. (Article VI Section 3(a))

Special assessments

Special assessments for capital improvements require consent of 2/3 of votes of each class voting in person or by proxy at a meeting with 30-60 days written notice. Amount need not be stated. (Article VI Section 4)

Collections & liens

Annual and special assessments are a charge on the land and continuing lien upon the lot and improvements. Association may bring action against owner personally obligated; interest, costs, late payment charges and reasonable attorney's fees (Article VI Sections 1, 9)

Reserves & fees

Association required to establish and maintain adequate reserve fund for periodic maintenance, repair and replacement of improvements to common areas and other areas/structures Association is obligated to maintain. Fund maintained out of an (Article VI Section 3(d))

Parking & vehicles

Association may regulate all parking on Common Area. No boats, trailers, campers, motor homes, trucks or tractors owned by member/guests/family shall be parked within right of way of any public or private street; nor regularly parked on Pro (Article V Section 4)

Architectural approval

No site preparation or initial construction/erection/installation of improvements (including residences, outbuildings, fences, walls, screens, other structures) shall be undertaken without plans and specifications submitted to Declarant or (Article IX)

Home business

No industry, business, trade, occupation, or profession of any kind shall be conducted, maintained, or permitted on any part of Property, except as set out in Section 2(a) (office in unit with approval). (Article X Section 2(e))

Signs & flags

No owner shall display any sign, placard, poster, billboard, or identifying name or number upon any townhome, building, or common area, except as allowed by Association Rules and Regulations. Unit owner may erect 'For Sale' or 'For Rent' si (Article X Section 2(f))

Insurance

Every Owner shall maintain fire and hazard insurance in amount equal to full insurable value of townhome, not required to exceed replacement cost. Owner shall exhibit evidence to Board upon demand. If Owner fails, Board may obtain insurance (Article XIII Section 3)

Use restrictions

Each building, townhomes therein, and common area and facilities shall be used for residential and related common purposes. Each townhome shall be used as a single-family residence and for no other purpose, except Declarant may use one or m (Article X Section 2(a))

Voting & meetings

Two classes: Class A (all Owners except Declarant) - one vote per Lot; Class B (Declarant) - three votes per Lot. Class B converts to Class A when Class A votes equal Class B votes or on December 31, 1989, whichever first. (Article IV Section 1)

Amendments

Covenants run with and bind land for term of 20 years from recording date, then automatically extended for successive periods of 10 years. During first 20 years, amendment requires instrument signed by owners of not less than 90% of lots; t (Article XIII Section 6)

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