Placitas Homesteads Home and Property Owners Association, Inc.

Key facts from Placitas Homesteads Home and Property Owners Association, Inc.'s documents

Community type

Placitas Homesteads Subdivision; residential subdivision with homeowners association (Preamble and Section 3a (residential lot)

Units / lots

24 (Lots 1–4, 6–24, and Lot 5 explicitly mentioned) (Preamble (lots described) and Section 3a)

Assessments & dues

Maximum $20 per acre until December 31, 1989; thereafter maximum may be increased up to 5% per year without membership vote (Section 27c and 27c.i)

Special assessments

May be levied by the Board with 2/3 vote of members for construction, reconstruction, repair, replacement of roads or other purposes (Section 27d)

Collections & liens

Association may file lien for unpaid assessments and foreclose; lien subordinated to first mortgage (Section 27f.i, 27f.iii, 27h)

Pets

Household pets allowed; riding horses allowed; no livestock except household pets or riding horses; no chickens or poultry (Section 6a)

Fences

Fences require ACC approval; no specific setback for fences mentioned (Section 2b (fence listed as structure))

Architectural approval

ACC shall approve or disapprove within 30 days of submission; deemed approved if no action within 30 days (Section 2b.ii, 2b.iii)

Signs & flags

Sale signs (max 48”x48”) and household activity signs (max 12”x24”) allowed; no other signs without lot owner consent (Section 19a, 19b, 19c)

Setbacks / home size

100 feet from center line of front road; 75 feet from center line of side road; 25 feet from side lot line; 100 feet from any building on adjacent lot (Section 4a)

Maintenance

Lot owners responsible for keeping lots clear of trash, rubbish, noxious materials, abandoned vehicles; Association responsible for capital improvements, maintenance, administrative expenses, liability insurance funded by assessments (Section 16 (owner responsibility) and Se)

Use restrictions

Premises shall be used for residential purposes only (Section 8)

Voting & meetings

Each lot owner likely one vote per lot; votes used for assessment increases, special assessments, amendments (Section 27c.i (2/3 vote), Section 27d (2)

Amendments

60% affirmative vote of lot owners casting ballots; Board presents draft; meeting for comments; finalize with attorney; mail ballot; second meeting; count ballots; President files affidavit (Section 31)

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