Lauralwood

Key facts from Lauralwood's documents

Community type

Covenant / Planned Community

Legal name

Laurawood Access, Inc. (Road Maintenance Agreement)

Assessments & dues

$156.85 (initial, due January 1) or $156.95 (initial, due February 1, 2002); subsequent fees set by majority of owners (Road Maintenance Agreement paragraph 2: )

Special assessments

For paving/improving Lookout Drive: subject to 2/3 vote of all property owners benefited; cost borne by owners in proportion to their 'Ferrance fae' (likely 'franchise fee' or 'frontage fee') but proportionate share must be paid in full wit (Road Maintenance Agreement paragraph 3.d)

Reserves & fees

$1.00 per day after February 15 until paid. (Road Maintenance Agreement paragraph 5: )

Parking & vehicles

Abandoned cars prohibited ('All tracts must be kept clean of garbage, trash, abandoned cars, etc.') (covenant 3)

Home business

Prohibited by commercial use restriction. (covenant 2: 'No tract may be used for co)

Setbacks / home size

Front: 40 ft; Side: 20 ft (covenant 7: 'No house, outbuilding or ot)

Use restrictions

Only one single-family residence per tract; no commercial use. (covenant 1: 'Only one single-family resi)

Voting & meetings

For road improvements: vote of two-thirds of all property owners benefited required to approve improvement. (Road Maintenance Agreement paragraph 3.c)

Amendments

Restrictive covenants: modified by written instrument agreed to by at least 60 percent of the land affected. Road agreement: may not be amended except by written instrument. (covenants: 'modified by written instrume)

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