Canyon Lakes Villas Homeowners' Association

Key facts from Canyon Lakes Villas Homeowners' Association's documents

Community type

Covenant / Planned Community

Legal name

Canyon Lakes Property Owners' Association (Section 1.2 (Page 2))

Governing law

Washington Revised Code of Washington (RCW), Title 64, Chapter 64.90 (Recitals, Page 2 (lines 44-45))

Assessments & dues

Amount determined by Board each year, based on adopted budget (Section 7.1 (Page 7))

Special assessments

Board may propose; effective if budget ratification procedure followed and unit owners do not reject; two categories: Common Area goods/services and non-Common Area goods/services (requires advisory vote) (Section 7.4, 7.4.1, 7.4.2 (Pages 8-9))

Collections & liens

Unpaid assessments become a lien on the Unit; Association may file notice of lien, foreclose judicially or non-judicially; lien subordinate to prior recorded mortgages; additional $100 per year delinquency fee plus recording/legal fees (Section 7.8.1-7.8.4 (Pages 10-11))

Reserves & fees

Reserve study required per RCW 64.90.545 and 64.90.550; reserve account must be income-earning under Board control (Section 7.6 (Page 9))

Leasing & rentals

Not explicitly stated; tenants permitted to use Common Areas; lessee subject to rules (Section 4.3, 6.2(c) (Pages 4-5))

Parking & vehicles

Board may regulate and limit use of roads and streets, parking and storage (Section 6.2(e) (Page 6))

Home business

Board may prohibit commercial, retail, manufacturing or business uses; rules may limit nature of uses to single family residential (Section 6.2(a) (Page 5-6))

Signs & flags

Board may limit number, nature and manner of signs (Section 6.2(d) (Page 6))

Voting & meetings

One vote per Unit owned (Section 1.14 (Page 3))

Amendments

Amendment requires approval by two-thirds of members present and voting in a quorum; unit owners may request vote with written request signed by at least five members; amendment effective upon recording certificate of officer (Section 12.1 (Page 17-18))

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