Ashwood Subdivision

Key facts from Ashwood Subdivision's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision (Title and WHEREAS clauses, Page 2)

Legal name

ASHWOOD PROPERTY OWNERS ASSOCIATION, INC.

Developer / declarant

ASHWOOD PROPERTIES, LLC

Assessments & dues

Determined annually by Board based on annual budget; pro rata per Lot (Article V, Section 5.04 and 5.02)

Special assessments

May be levied by Board discretion for capital improvements, emergencies, etc.; collected monthly, quarterly, or annually (Article V, Section 5.05)

Collections & liens

Assessments are a continuing lien on the Lot; Association may foreclose like a mortgage; may declare entire remaining balance due upon default (Article V, Sections 5.01 and 5.06)

Reserves & fees

Penalty set by Board (amount not specified) (Article V, Section 5.06: penalties (as d)

Voting & meetings

One vote per Lot; multiple owners have one collective vote per Lot; Declarant has 100 votes per Lot it owns for amendments (Article IV, Section 4.02(d); Section 8.2)

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