Aldrich Plat Homeowners Association

Key facts from Aldrich Plat Homeowners Association's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (non-business corporation) (Article 3, Section 1: corporation organi)

Legal name

ALDRICH PLAT HOMEOWNERS ASSOCIATION

Units / lots

7 (with possibility of an eighth lot added by developer) (Article 3, Section 2: Record Lot 1 throu)

Assessments & dues

Board of Directors adopts a budget on or before January 1; budget sent to lot owners within 30 days; meeting called to approve (Article 6, Section 7)

Special assessments

Allowed: Board may levy regular and/or special assessments (Article 6, Section 1)

Collections & liens

Association may file a notice of lien in Warwick Land Evidence Records for unpaid assessments; enforce according to RI law (Article 6, Section 7, paragraph D)

Reserves & fees

Not explicitly mentioned; common expense fund implied (Article 6, Section 4 mentions 'common ex)

Use restrictions

Owners must keep vacant lots from becoming a nuisance and detriment to beauty and value (Article 2, Section D)

Voting & meetings

One vote per lot; developer controls all voting until last lot transferred or two years from recording, whichever first (Article 3, Section 5 and Section 16)

Amendments

Majority vote of members at a regular or special meeting, except Article 6 (Assessments) requires unanimous vote. (Article 7, Section 2)

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