Salem Lake Estates Lot 1-29

Key facts from Salem Lake Estates Lot 1-29's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

subdivision (Page 1: 'Lots 1-29 of Salem Lake Estates)

Legal name

Salem Lake Homeowners Association, Inc.

Developer / declarant

Owner and/or Developer

Assessments & dues

As deemed necessary and appropriate by the Board of Directors (Article II, Section 2 (page 3): 'as deem)

Collections & liens

Failure to pay creates a continuing lien; Association may record notice; lien subordinate to first mortgages; Owner personally liable for collection costs including interest, court costs, reasonable attorney fees; foreclosure sale eliminate (Article II, Section 3 (pages 4-5); Artic)

Maintenance

Association maintains the entry feature on Lot 29, the ingress/egress easement on Lot 28, and any pier; Owners of Lots 24-29 are solely responsible for maintenance of the dam and lake. (Article II, Section 2 (pages 3-4); Artic)

Amendments

By Declarant at any time before December 31, 2008; after assignment to Association, by instrument signed by Owners of 85% of the Lots. (Article IV (page 5))

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