Fern Mountain Estates

Key facts from Fern Mountain Estates's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Fern Mountain Estates

Units / lots

Not explicitly stated; many lots shown on exhibits (e.g., F-1 through F-29, M-6, K-11, etc.) (Exhibits (pages 24-27) list numerous lot)

Assessments & dues

Maximum $3,600.00 per Lot per year (exclusive of special assessments and further expense assessments) (Article III, Section 1 (page 4): "no ann)

Special assessments

Permitted for nonrecurring expenses or budget inadequacy; payable quarterly as determined by Committee (Article III, Section 1 (page 4) 'further)

Collections & liens

Assessment is a continuing lien on the Lot; may be foreclosed by action at law or equity (Article III, Section 1 (page 4): "shall )

Reserves & fees

Annual budget must include a reserve for replacements and contingencies (Article IX, Section 6(d) (page 16): "Eac)

Use restrictions

Lots and Dwellings may solely be used for residential purposes only; no trade, business activity, or commercial venture (Article VII, Section 1(g) (page 11): "Lo)

Voting & meetings

Class A (Lot Owners): 1 vote per Lot; Class B (Developer): 2 votes per Lot until Developer converts to Class A (Article I, Section 7 (page 2): "Owner of)

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