Lakeview Terrace

Key facts from Lakeview Terrace's documents

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

Community type

Covenant / Planned Community

Legal name

Lakeview Terrace Association

Developer / declarant

Westvaco Development Corporation (Preamble; Article I(d))

Assessments & dues

Maximum $75 per Lot initially; actual first year $75; Lots with no construction started assessed at 1/4 (Section 6.03)

Special assessments

Allowed for capital improvements with assent of 2/3 of each class voting (Section 6.04)

Collections & liens

Assessment becomes lien after 30 days delinquent; Association may foreclose; lien subordinate to first mortgages (Sections 6.08, 6.09)

Reserves & fees

Budget shall include contribution to reserve fund; Board may establish reserves (Section 6.03(c) and 6.11)

Pets

true (customary household pets only) (Section 10.11)

Leasing & rentals

true (for residential purposes) (Section 10.12)

Parking & vehicles

Prohibited overnight (Section 12.02)

Fences

Allowed only on non-lake lots; from rear corners around rear; max 6 ft; ornamental; portion facing street must be wood/brick; no chain link facing street; ARB approval required (Section 9.01(c))

Architectural approval

true (for all construction, reconstruction, remodeling, alteration, fences, walls, driveways, etc.) (Section 9.01)

Home business

Prohibited (Section 10.12)

Signs & flags

Only 'For Sale' and 'For Rent' signs, max 6 sq ft, no more than 2 per Lot, design approved by ARB (Section 10.05)

Setbacks / home size

Front 35 ft, rear 20 ft, side 10 ft; deviations up to 10% allowed; corner lots have special rules (Article VIII, Sections 8.01, 8.02, 8.03,)

Use restrictions

true (Article VII)

Voting & meetings

Two classes: Class A (one vote per lot) and Class B (Declarant, initially 85 votes, decreases by one for each three Class A votes) (Article IV, Section 4.02)

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