La Bella Vita Estates Homeowners Association, Inc.

Key facts from La Bella Vita Estates Homeowners Association, Inc.'s documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

La Bella Vita Estates Homeowners Association, Inc.

Developer / declarant

LA BELLA VITA ESTATES, LLC

Assessments & dues

Board prepares annual budget at least one month before end of fiscal year, sends copy to Members at least 30 days prior to meeting where budget adopted. Budget and General Assessment adopted by majority of Board. (9.4(b), 9.2, page 17-18)

Special assessments

May be levied for capital improvements (if cost >25% annual budget, requires majority membership approval) or emergency (by 2/3 Board vote). Exempt Lots not subject. (10.5, pages 19-20)

Collections & liens

Assessment Charge is a continuing lien on the Lot, effective upon recording claim of lien, relating back to date of Declaration. Subject to first mortgage. Association may foreclose similar to mortgage, bid at sale, acquire Lot. Sale under (10.7(b)(c)(d), pages 20-21)

Reserves & fees

Association shall accumulate adequate reserves for working capital, contingencies, and replacements. Included in annual budget, collected as part of General Assessment. Reserves kept separate from other funds. Excess may reduce General Asse (9.3, 9.8, pages 17-18)

Pets

Yes, limited. (4.8, page 10)

Use restrictions

Yes. No building may be erected or used for business or commercial purposes. However, Declarant may annex property for commercial use. (3.3(a), 4.1, pages 7, 9)

Voting & meetings

Class A (Owners other than Declarant): one vote per Lot. Class B (Declarant): number of votes equal to number of Lots subject to Declaration plus anticipated Lots annexed plus one vote. At elections for Board, Class A has one vote per seat; (7.2, 7.4(e), pages 14-15)

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