Lake of Woods Estates

Key facts from Lake of Woods Estates's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Lake of the Woods Estates Homeowners Association, Inc.

Governing law

Ohio Revised Code Chapter 5312 (Filing statement: 'pursuant to R.C. Sect)

Assessments & dues

The trustees (now officers) fix the amount of assessment against each lot as provided in the Declaration. (Article IV, Section 12(c)(i))

Collections & liens

Trustees (now officers) shall foreclose the lien against any lot for assessments not paid within a reasonable time after authorized by Declaration, or bring an action at law against the member personally obligated, or both. (Article IV, Section 12(c)(iii))

Reserves & fees

Trustees may cause excess funds to be invested in government agency insured accounts and other investments as members approve. (Article IV, Section 11(k))

Voting & meetings

One vote per lot; if multiple owners, they designate one voting member; entity owning multiple lots receives votes equal to number of lots owned; vote of a lot is not divisible. (Article III, Section 2)

Amendments

Amendment to Code of Regulations requires affirmative vote of minimum 66% of total available votes of members; amendment of Declaration not covered. (Article IX: 'any modification or amendme)

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