Lake Bethany

Key facts from Lake Bethany's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family detached residential subdivision (Article I Section 5: 'a single family de)

Legal name

Lake Bethany Community Association, Inc.

Units / lots

17 (Phase 2, Section 1); Phase 1 had 44+ lots (lots 1-44 and 71-79 from plat) (Recital 1: '17 residential lots'; Articl)

Developer / declarant

ECR Limited Partnership

Assessments & dues

Initially $50 per lot (maximum, waived for initial period); thereafter set by Board not exceeding annual maximum (Article VI Section 3: 'maximum annual as)

Special assessments

Allowed for capital improvements with 2/3 vote of each class (Article VI Section 4)

Collections & liens

Assessments are a continuing lien on the lot until paid; Association may foreclose. Lien is subordinate to any first mortgage. Sale or transfer does not affect lien; foreclosure extinguishes past due assessments. (Article VI Sections 1, 8, 9)

Reserves & fees

Interest at 6% per annum on unpaid assessments after 30 days from due date (Article VI Section 8: 'bear interest fro)

Leasing & rentals

Implied allowed (bulletin board for rentals); no explicit restriction (Article VIII Section 1(e) (bulletin boar)

Parking & vehicles

Prohibited from regular/habitual parking on lot or common area (Article VII Section 4)

Fences

Fences require architectural approval; no further specifics (Article VII Section 2: 'No building, fen)

Architectural approval

Yes, for any building, fence, wall, or other structure, including exterior alterations; plans must be submitted to Board of Directors or architectural committee (Article VII Section 2)

Home business

Prohibited; no commercial or professional services (Article VII Section 3(a): 'No advertisem)

Use restrictions

Yes, lots for single-family residential, open space and recreational uses only (Article VII Section 1: 'The Property sha)

Voting & meetings

Class A (lot owners): 1 vote per lot; Class B (Declarant): 3 votes per lot; fractional votes for co-owners (Article IV Section 1)

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