Savannah

Key facts from Savannah's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

private transfer fee covenant (Document imposes a Reconveyance Fee upon)

Developer / declarant

SAVANNAH HOMES, LP., A TEXAS LIMITED PARTNERSHIP

Governing law

Tex. Prop. Code §5.017 (Page 1: 'This Declaration of Covenant wa)

Collections & liens

Unpaid Reconveyance Fee becomes a lien on the property; may be foreclosed judicially or non-judicially (power of sale). (Section 9: Lien and priority; Section 11)

Reserves & fees

Reconveyance Fee equal to 1% of Consideration paid by Grantee (Section 5: 'a fee (the "Reconveyance Fee)

Voting & meetings

Beneficiaries vote in proportion to their Beneficial Interest percentages (51% required for certain actions). (Section 9(f): 'with the prior written co)

Amendments

Trustee may modify with consent of Licensor or majority of Beneficial Interest; no change to percentage in Section 5, extension of Term, or substantive change of intent. (Section 26: 'Trustee shall be entitled t)

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