Lake Royale Subdivision

Key facts from Lake Royale Subdivision's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Assessments & dues

Originally $60.00 per lot per year; as of 1998: $230.56; set by Board with 2/3 vote, increases limited to 10% unless approved by 2/3 membership (By-laws Article II Section 3 and Section)

Reserves & fees

1.5% per month on delinquent accounts (By-laws Article II Section 3)

Pets

Only customary household pets allowed; not to run at large; no livestock or fowl (Section 9)

Home business

Permitted only on lots designated commercial; includes motel, hotel, restaurant, clubhouse, convenience store. Also multiple dwellings allowed in reserved areas. (Section 5 and Section 4)

Voting & meetings

Each single-family unit (including corporations) gets one vote per annual dues assessment paid; members must be current on dues to vote. Only one vote per lot even if multiple owners. (By-laws Article II Section 6)

Amendments

May be changed by owners of at least two-thirds of lots in writing, or by Association meeting with two-thirds vote of members present/voting by absentee ballot. (Section 15)

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