Lakeridge Estates

Key facts from Lakeridge Estates's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single Family Residential (Section 23, 'Single Family Residential U)

Legal name

Lakeridge Estates

Units / lots

231 (Section 12, 'each of the 231 numbered pa)

Developer / declarant

South Point Partners

Assessments & dues

Set by Board in annual budget; not specified in Declaration (Article VII, Section 4)

Special assessments

May levy special assessment for capital improvements or any other lawful Association purpose (Article VII, Section 3)

Collections & liens

Unpaid assessments plus interest, late fee, costs and attorneys' fees constitute a lien on the Lot, superior to all other liens except taxes and first mortgages. Association may foreclose in any manner provided for mortgages or deeds of tru (Article VII, Section 6)

Reserves & fees

Annual budget may provide for a reserve for contingencies and a reserve for replacements in reasonable amounts as determined by the Board (Article VII, Section 4)

Pets

Reasonable number of dogs, cats, or other household pets; not for commercial purposes. No animals, livestock, or poultry except usual household pets. (Article IX, Section 9)

Leasing & rentals

Permitted subject to restrictions (details of restrictions not fully provided in excerpt; see Article IX, Section 10 heading) (Article IX, Section 10 (heading in table)

Parking & vehicles

Prohibited except temporarily for loading or unloading (Article IX, Section 4)

Architectural approval

All original construction, modifications, additions, alterations affecting exterior appearance require prior approval by ACC (Article VIII, Section 1)

Insurance

Board obtains insurance for all insurable improvements on Common Area (fire, extended coverage, vandalism, malicious mischief) and comprehensive public liability insurance ($500k/$1M bodily injury, $250k property damage minimum). Directors' (Article V, Section 1)

Use restrictions

Lots shall be used for single-family residential purposes and for recreational purposes as may be permitted (Article IX, Section 1)

Voting & meetings

Class A: one vote per Lot, exercisable by designated owner or lessee if assigned. Class B: Declarant initially 229 votes, decreasing by one for each Class A vote. Class B terminates at Declarant's discretion. (Article III, Sections 1-2)

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