Wilshire Estates

Key facts from Wilshire Estates's documents

Community type

Single-family residential subdivision (Article I, Article III, Section 3.2.1)

Developer / declarant

Fuller Homes of New Mexico (Preamble)

Assessments & dues

Determined by Board of Directors; first assessment commences first day of month after filing of Articles of Incorporation. (Sections 9.3, 9.5)

Special assessments

Yes, for capital improvements, legal fees, necessary maintenance to Stable Facility, and other fees due to Association. (Section 9.1(2)-(4))

Collections & liens

Association may file lien, bring action at law, or foreclose. Lien subordinate to first mortgage. Personal obligation does not pass to successors unless assumed. (Sections 9.6, 9.7)

Reserves & fees

Interest only: 10% per annum from due date. (Section 9.6)

Pets

Yes, house pets allowed, but no dangerous dogs such as pit bulls. Maximum 4 adult animals per lot (if allowed by zoning). Must comply with leash laws and enclosures must be clean. (Section 3.2.8)

Home business

Permitted if business equipment, materials, inventory kept under cover (garage or workshop) with no external appearance of commercial activity. (Section 3.2.6)

Use restrictions

Yes, each Lot used only for single family residential purposes. (Section 3.2.1)

Voting & meetings

One vote per lot. If more than one owner, they determine how to vote, but no more than one vote per lot. (Section 7.2)

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