Lake Village (MS)

Key facts from Lake Village (MS)'s documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Assessments & dues

Fixed at a uniform rate for all lots, assessed in proportion to the appurtenant interest of each lot in the Common Area (based on square footage). The amount is the cash requirements necessary to pay all estimated common area expenses. (Section VIII (C)(2): fixed at a uniform )

Collections & liens

Unpaid assessment becomes a continuing lien on the lot. OWNER may bring action to enforce and foreclose the lien. Costs of preparing and filing complaint, and if judgment obtained, interest, reasonable attorney's fee, and costs of foreclosu (Section VIII (C)(4)(i) and (ii): a conti)

Reserves & fees

If assessment not paid within 30 days after due, lot owner liable for all costs, fees and expenses incurred by OWNER in collecting such payments. Unpaid amount bears interest from delinquency date at maximum interest rate per annum. (Section VIII (C)(1) and (C)(4)(ii): shal)

Fences

Outside storage area must be fenced to a minimum height of 6 feet and maximum height of 8 feet. All such fencing must be of a type to provide solid screening. No fence allowed without OWNER's approval. (Section III: Outside storage area shall )

Architectural approval

Yes. No structure or addition shall be erected unless and until complete plans and specifications have been approved in writing by OWNER. Approval not to be unreasonably withheld. (Section II: such plans and specification)

Maintenance

Lot owner responsible for maintaining their lot and improvements in safe, clean condition. Common area maintenance by OWNER until 75% sold, then by association. (Section IV (lot maintenance); Section VI)

Use restrictions

Prohibited uses: any activity emitting offensive odors, dust, noxious gas, noise, vibrations, smoke, heat or glare beyond the premises; storage or sale of salvage, junk or second-hand materials as principal business; automobile repair shop, (Section I (A) and (B): No part shall be )

Voting & meetings

Voting shall be based on percentage of square footage of each lot relative to total square footage in the development. By-laws adopted by majority representative of percentage of square footage voting. (Section VIII (B)(2)(i): majority represe)

Amendments

These covenants may be amended by the mutual written consent of all of the owners of Lake Village. (Section XIV: may be amended by the mutua)

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