Lencraft

Key facts from Lencraft's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Age restriction

Developer has right to designate one or more Villages as age-restricted or restricted for special purpose; Community Facilities in such Villages may be restricted to Owners meeting specified criteria (Section 2.01(a))

Assessments & dues

Amount set by Board each fiscal year, adjusted per number of months remaining in calendar year from date of conveyance (Section 4.03)

Special assessments

Board may levy special assessments payable over up to three succeeding years for operating deficits, construction, reconstruction, repair or replacement of Community Facilities or public lands within Property (Section 4.05)

Collections & liens

Annual General Assessments, Services Assessments, Special Assessments, late fees, interest, and costs of collection constitute a continuing lien on the Lot; Association may foreclose lien; personal obligation of Owner also (Section 4.01, 4.11)

Reserves & fees

Repair and Replacement Reserve to be funded from Annual Assessments; General or Operating Reserve may be established by Board; reserve studies conducted periodically (Section 4.08)

Pets

Dogs, cats, and other household pets may be kept subject to municipal/county regulations and Association rules; no livestock, poultry, or animals bred for commercial purposes (Section 6.08)

Leasing & rentals

Yes, but lease must be in writing for initial term of at least six months; subject in all respects to Declaration, Certificate, By-Laws, rules; no portion of Lot or Dwelling Unit may be leased; copies of leases given to Association no later (Section 6.11)

Parking & vehicles

Boats, trailers, campers, recreational vehicles, motor homes must not be parked in visible location without prior ARC approval (Section 6.07)

Architectural approval

Except for structures constructed by Developer or Participating Builders approved by Developer, no Structure may be commenced, erected, placed, moved, altered materially in exterior appearance without prior plan submission and written appro (Section 5.03)

Home business

Home occupation or business allowed if in accordance with Association Rules and Regulations and local zoning (Section 6.01(c))

Signs & flags

Location, color, nature, size, design, construction of all signs must be approved by Covenants Committee (ARC) in accordance with Article V (Section 6.06)

Insurance

Association shall obtain insurance covering Common Areas and Community Facilities; liability insurance; and other insurance as Board determines (Section 11.01)

Use restrictions

Property not to be used for commercial purposes except as provided (home occupation in accordance with rules, Community Facilities, Section 8.02) (Section 6.01)

Voting & meetings

Class A Members: one vote per Lot (or per Dwelling Unit if multiple Lots) unless in violation of Declaration; Class B Member (Developer): 5,000 votes until Development Period terminates; after annexation, Class B reinstated with 5,000 votes (Section 3.03)

Amendments

Declaration may be amended by vote of 2/3 of Class A Members; during Development Period, Developer's written consent required; amendments affecting mortgagees require consent of majority of institutional first mortgagees; amendments regardi (Section 14.02)

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