Lake Clearwater

Key facts from Lake Clearwater's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) - single family attached or detached residential (Article V, Section 2(o) states single fa)

Legal name

Lake Clearwater Homeowners Association, Inc.

Developer / declarant

Lake Clearwater Development Company, Inc.

Assessments & dues

Fixed annually by Board of Directors; not specified in declaration. (Article IV, Section 5)

Special assessments

May be levied for capital improvements with assent of two-thirds (2/3) of total vote of Association. Must be paid in full at closing on a Lot/Home unless purchaser assumes in writing. (Article IV, Section 6)

Reserves & fees

One and one-half percent (1.5%) per month on delinquent assessments not paid within 30 days after due date. (Article IV, Section 8)

Voting & meetings

Each Member (Owner of a Lot) entitled to one vote per Lot. Only directors of Lake Association vote in Lake Association. If multiple owners of a Lot, vote is exercised as they determine, but no more than one vote per Lot; if no agreement, vo (Article III, Section 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.