Quarter Circle 4 R Ranch

Key facts from Quarter Circle 4 R Ranch's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

subdivision with homeowners association (nonprofit corporation) ("form a property owners association or a)

Units / lots

42 parcels (memberships) ("automatically constitute ownership of o)

Developer / declarant

Little Rocky Land Development Co. ("The Little Rocky Land Development Co., )

Assessments & dues

Not fixed; directors determine estimated cost each year; proportionate share based on 42 parcels. ("determine the estimated cost of managin)

Special assessments

Directors may assess against a portion of members for jointly owned/maintained utilities and items (differentiated from all members). ("In addition to such assessments, the di)

Collections & liens

Annual assessment is a lien; if not paid within 30 days after due date, association may foreclose. No deficiency judgment. Costs and attorney fees also a lien. ("Such annual charge or assessment shall )

Reserves & fees

Interest at 10% per annum from due date until paid. ("shall bear interest at the rate of ten )

Leasing & rentals

Owners have absolute right to rent or lease, subject to covenants, restrictions, and by-laws. ("The owners of the respective family uni)

Architectural approval

Architectural Committee must approve plans, specifications, and proposed site before any improvements; written permit required. ("No improvements shall be erected until )

Home business

Owner may use portion of unit for office or studio if activities do not interfere with quiet enjoyment/comfort of others; no part of property may be used as a school. ("except than an owner may use a portion )

Use restrictions

Property shall be used for residential and recreation purposes only. Each family unit used as residence for single-family and no other purpose. ("The property in the subdivision will be)

Voting & meetings

One vote per parcel; developer gets one vote per parcel held while any parcel held by developer. ("one vote per parcel provided that so lo)

Amendments

Unanimous agreement of all owners and mortgagees of all mortgages pertaining to the land, by duly recorded instruments. ("This declaration shall not be revoked o)

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