Lake Maxinhall Estates Cont

Key facts from Lake Maxinhall Estates Cont's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Lake Maxinhall Estates

Units / lots

Multiple lots in Sections 1, 2, and 3 (exact number not stated) (Page 1 (Sections 1,2,3))

Assessments & dues

Based on estimated cash requirement for Common Expenses; proposed in annual budget; assessed per lot based on percentage interest. (Article VI, Section 6.04 (Page 19))

Special assessments

Board may impose assessments for common expenses; not explicitly called special but implied in Section 6.04 and 6.05 (Article VI, Section 6.04 (Page 19) and 6)

Collections & liens

Board may impose liens on Owner's lot for unpaid assessments; also may cause removal of property from Association real estate. (Article VI, Section 6.05 (Page 19); also)

Reserves & fees

$25 or 10% whichever is larger per lot assessment(s) if not received within 60 days of notification (Rules & Regulations Page 2 (Association )

Leasing & rentals

Not explicitly; privileges are restricted to owners, family, and guests; no mention of tenants other than occasional references. (Page 4 (Easements and Lake Privileges re)

Architectural approval

Yes; plans for any construction must be submitted to Board for approval. Home building/major remodeling requires Board approval. (Rules & Regulations Page 2-3 (Lake Prope)

Use restrictions

Not explicitly stated, but rules imply residential use; restrictions on non-owner use and storage. (Various sections; privileges restricted )

Voting & meetings

Each Owner entitled to one vote per lot on each matter; for directors, one vote per directorship, no cumulative voting; multiple owners must appoint one voting representative; corporation/trust votes by representative; proxy allowed. (Article III, Section 3.05 (Page 10-11))

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