Watson Place Association, Inc.

Key facts from Watson Place Association, Inc.'s documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential subdivision (Section 1: 'All lots in the Subdivision,)

Legal name

Watson Place Association, Inc.

Units / lots

At least 137 lots (Lot 137 specifically excluded from residential use) (Section 1: 'with the exception of Lot 13)

Governing law

Mississippi law (implied); City of Olive Branch and DeSoto County ordinances referenced (Section 5: '...shall meet the requiremen)

Assessments & dues

$100.00 per year initial dues (Section 46: 'Initial dues of $100.00 per)

Collections & liens

Declarant and Association may impose liens for collecting dues and assessments and enforcing covenants (Section 46: 'Declarant and the Associati)

Reserves & fees

10% per month on delinquent dues after January 31 (Section 46: 'After January 31, dues will)

Pets

Dogs, cats, or generally recognized domestic animals allowed, not for commercial purpose (Section 14: '...dogs, cats or other gene)

Parking & vehicles

Prohibited from parking/storage on lot unless in closed garage; also no parking for sale (Section 9 (as above); Section 10: 'No ca)

Fences

Fences must be cedar wood, brick, ornamental metal, or other approved material; no chain link, no pine; max height 6 ft; cannot be closer to street than building setback line; cannot be painted without approval; clearance for drainage (2" u (Section 41: 'All fences are to be of ced)

Architectural approval

Construction plans must be approved by Developer; Developer controls all improvements and may make exceptions (Section 3: 'No residence shall be constr)

Signs & flags

Signs prohibited except two professional signs up to 16 sq ft for sale/lease; signs by Developer allowed; no signs nailed to trees; all signs approved by DeSoto County Planning (Section 18: 'All signs...prohibited exce)

Setbacks / home size

Estate lots: front 35 ft, side 10 ft, rear 30 ft; Large lots: front 25 ft, side 15 ft, rear 20 ft; Standard lots: front 20 ft, side 5 ft, rear 20 ft (Section 5 table)

Use restrictions

All lots except Lot 137 and common open space are residential; only one single-family residence per lot with two-car enclosed garage (Section 1: 'All lots ... shall be known )

Voting & meetings

Developer has 5 votes per lot it owns until 95% sold; other lot owners have one vote per lot owned (Section 45(b): 'Developer shall have fiv)

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