Laurel Oaks HOA

Key facts from Laurel Oaks HOA's documents

Community type

homeowners association (planned unit development) (title; Exhibit A legal description: 'LOT)

Legal name

Laurel Oaks Homeowners Association

Units / lots

69 townhouse units/lots (Exhibit A 'LOTS 1 THRU 69'; references t)

Collections & liens

All unpaid charges including legal fees deemed a lien against Lot or Townhouse Unit and collectible as any other unpaid regular or special assessment (Article X, Section 10.11(k))

Reserves & fees

Late fees and interest apply to unpaid balance of unpaid regular or special assessments (Article X, Section 10.11(k))

Leasing & rentals

Yes, subject to restrictions in Article X, Section 10.11 (Article X, Section 10.11)

Fences

Owner responsible for maintenance of fences, if any (Article V, Section 5.03)

Architectural approval

Any maintenance, repair or replacement altering exterior appearance of Townhouse Unit must be approved in advance by Board of Directors (Article V, Section 5.03)

Maintenance

Owner responsible for roofs (Article V, Section 5.03)

Insurance

Owner must maintain insurance covering Townhouse Unit with fire, extended coverage, additional extended coverage, vandalism and malicious mischief, to 100% full insurable value, replacement cost basis, deductible no more than $1,000, naming (Article VII, Section 7.02)

Voting & meetings

Declaration may be amended by instrument signed by Members entitled to cast seventy-five percent (75%) of total votes (Article X, Section 10.03 (recited))

Amendments

Declaration may be amended by instrument signed by Members entitled to cast 75% of total votes; no Material Amendment effective without approval from Eligible Mortgage Holders representing at least 51% of mortgaged Lots/Townhouse Units; Ame (Article X, Section 10.03; WHEREAS clause)

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