Pine Lake Property Owners Association

Key facts from Pine Lake Property Owners Association's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association (Preamble, Pine Lake Property Owners Asso)

Legal name

Pine Lake Property Owners Association

Developer / declarant

Pine Lake Property Owners Association

Assessments & dues

$10.00 per building site (Section 2(a) (1988))

Collections & liens

Assessments not paid when due are a continuing lien on the property. Association may record a statement of Assessments Due in the Courthouse in Georgetown, Delaware if not paid within two months from due date (July 1). Legal action allowed; (Section 2(c) (1988 and 1992))

Reserves & fees

$5 if assessment not paid within 30 days after due date. (Section 2(c) (1988 and 1992))

Use restrictions

Any structure erected shall be for residential purposes only; no building designed or intended for use in any trade or business shall be erected, permitted or maintained. (Section 1(b) (1988 and 1992))

Voting & meetings

Amendments: affirmative vote of a majority of building sites, in person or proxy. (Section 5 (1988))

Amendments

Covenants may be amended by affirmative vote of owners of a majority of building sites, in person or proxy. (Section 5 (1988))

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