Pineridge Townhomes

Key facts from Pineridge Townhomes's documents

Community type

residential townhome community (Overview: "Declarant plans to develop a )

Units / lots

Total Planned Units defined; actual number not stated (Article I: "Total Planned Units means th)

Developer / declarant

Centex Homes, a Nevada general partnership (Opening paragraph)

Assessments & dues

Base Assessment calculated from Budget divided by number of Units; during Deficit Funding Period, total projected Operating Expenses at full build-out divided by 75% of Total Planned Units (Article VI, Section C)

Special assessments

Permitted for capital improvements; after Turnover requires 2/3 vote of members; before Turnover by Board without owner consent (Article VI, Section D: "the levying of a)

Collections & liens

Association has a continuing lien on each Unit for unpaid Assessments, enforceable by foreclosure in equity or action at law (Article VI, Sections B and H.3: "to file)

Reserves & fees

Required for periodic maintenance, repair, replacement of Association Property; specifically a segregated Road and Drainage Escrow Account for Residential Streets and Project Drainage System (Article VI, Section Q, Subsections 12 an)

Parking & vehicles

Residential Streets deeded to Association; no specific parking rules provided (Article IV, Section C: "Any portion of t)

Fences

Must comply with Exhibit B; any fence requires ARB approval (Article I: Exhibit B and definition of I)

Architectural approval

Yes; ARB established (Article X) and approval required for any Improvement; specific fence designs in Exhibit B (Article I: definition of "ARB" and "Impr)

Signs & flags

Included in definition of Improvement requiring ARB approval; no specific signage rule (Article I: "Improvement" includes "sign")

Insurance

Casualty insurance on all Association Property improvements at full replacement cost; public liability $1,000,000 per occurrence; fidelity bonds optional (Article VII, Sections A, B, C)

Use restrictions

Yes; community described as residential townhome community (Overview: "residential townhome communit)

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