Falcon Ridge Community Association

Key facts from Falcon Ridge Community Association's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Common Interest Master Planned Community under Nevada Revised Statutes Chapter 116 (Recitals paragraph C, Section 1.1)

Developer / declarant

CORCHA, LLC, a Nevada limited liability company (also referred to as Declarant) (Recitals B, Section 1.20)

Governing law

Uniform Common Interest Ownership Act as Nevada Revised Statutes Chapter 116 (Section 1.1)

Assessments & dues

By the Master Association Budget adopted by the Board of Directors per Section 6.6. (Section 6.6 (table of contents; partial )

Special assessments

A charge against an owner for compliance costs or fines/penalties for non-compliance, plus interest and charges. (Section 1.62)

Collections & liens

Master Association may file a Notice of Lien and conduct foreclosure sale for unpaid assessments. (Sections 6.13, 6.14 (table of contents))

Reserves & fees

Prudent reserves are included in Common Expenses. (Section 1.16(j))

Insurance

Owners must maintain certain insurance per Section 11.9. (Section 11.9 (table of contents))

Voting & meetings

Membership is appurtenant to each Lot or Condominium; each Owner holds one Membership per Lot/Condominium; voting as per Act and Bylaws. Declarant holds separate Membership for each Lot/Condominium owned. (Section 4.3, Section 4.4)

Amendments

Article XII, Section 12.2 governs amendments. (Section 12.2 (table of contents))

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