Lake Forest Fifth

Key facts from Lake Forest Fifth's documents

Community type

Covenant / Planned Community

Developer / declarant

BW & MMC, L.L.C.

Assessments & dues

Amount fixed by Board at least 30 days in advance; no specific dollar amount stated (Section 7.2)

Special assessments

May levy with assent of 51% of voting Members and approval of Developer (while Developer owns any portion) (Section 7.1)

Reserves & fees

Not required; Association may carry forward surpluses (Section 9.2)

Pets

Dogs, cats, other indoor household pets permitted; not for commercial purposes (Section 4.3)

Parking & vehicles

Only temporary for visitors or guests (Section 4.8)

Fences

Rear yard only; max 6 ft height; materials: black vinyl coated chain link, wrought iron, wood, or approved material; plans must be submitted (Section 3.12)

Setbacks / home size

Lots 501-538, 570-589: Front 20 ft, Side 16 ft between dwellings, Rear 15 ft. Lots 539-569, 590-593: Front 30 ft, Side 10 ft from each side line, Rear 30 ft. Committee may grant variances. (Section 3.4)

Use restrictions

All Lots shall be used for single-family residential purposes exclusively (Section 3.1)

Voting & meetings

One vote per Lot owned; when multiple owners, only one vote per Lot; Developer holds all votes while owning any portion of Development (Section 6.3)

Amendments

During Developer ownership: by Developer alone (no material adverse effect on Lot Owners). After Developer no longer owns: by 51% vote of Association plus Developer's written agreement. Term: 50 years, auto-renew 10 years unless 51% vote to (Section 12.3)

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