Lake View Estates Property Own Ers

Key facts from Lake View Estates Property Own Ers's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association (HOA) for Lake View Estates / Lake View Gardens Subdivision (Article 1.01 Definition of Association)

Legal name

Lake View Estates/Lake View Gardens Property Owners Association, Inc.

Units / lots

Lots 1-A through 62-A, 1-B through 254-B, 255-B through 289-B, 1-C through 18-C, plus Unit 3 Lots 1-6 (added per amendment). Approximately 375+ lots. (Article 1.03, 1.05, 1.06, 1.07; Amendmen)

Governing law

Alabama Nonprofit Corporation Act, Code of Alabama, Section 10-3A-1 et seq. (Articles of Incorporation, preamble)

Assessments & dues

Set by Board of Directors annually; maximum may increase up to 15% per year without membership vote. (Article 8.06; Bylaws 3.03)

Special assessments

May be levied for capital improvements with assent of 2/3 of voting members at a meeting duly called. (Article 8.07)

Collections & liens

Annual and special assessments are a continuing lien on the lot, enforceable by filing a lien statement in probate court, plus personal obligation of owner. Subordinate to first mortgage. Foreclosure extinguishes prior assessments. (Article 8.04, 8.11, 8.12)

Reserves & fees

Not explicitly stated; interest rate of 10% per annum on unpaid assessments. (Article 8.11)

Pets

Reasonable number of generally recognized house pets allowed; in no event more than two dogs and cats. (Article 3.10)

Leasing & rentals

Yes, any owner may lease or rent a residence, subject to providing written statement to Association Secretary and ensuring tenant receives association documents. (Article 3.20)

Parking & vehicles

Overnight street parking not permitted. (Article 3.17(e))

Architectural approval

If ARC fails to approve or disapprove within 30 days after submittal, approval not necessary; but owner still must conform to other Declaration provisions. (Article 2.09)

Setbacks / home size

A-Lots, B-Lots, C-Lots: Front setback 35 feet from road lot line. Side setback 10 feet. Rear setback: B-Lots and C-Lots 35 feet; A-Lots 100 feet from the water. (Article 3.04)

Use restrictions

All lots shall be known and described as single-family residential lots and no such lot shall be used except for residential purposes. (Article 3.01)

Voting & meetings

One vote per lot owned. Owners of undivided interests must vote jointly. (Article 8.03; Bylaws 3.09)

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