Laketree

Key facts from Laketree's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

The Homeowners' Association of Laketree Addition, Inc.

Developer / declarant

Little Tree Development, Inc. (Article I Section 2, Article II preamble)

Special assessments

Special assessments for capital improvements may be levied with approval of 66% of votes of Class A and Class B members (Article V Section 6, Section 8)

Collections & liens

Association has lien for unpaid assessments; may foreclose; personal obligation also (Article V Section 1, Section 9)

Reserves & fees

Interest at 6% per annum; no separate late fee mentioned (Article V Section 9)

Architectural approval

Architectural Committee approval required for any construction, alteration, improvement on lots (Article VII Section 1)

Voting & meetings

Class A members (lot owners) one vote per lot; Class B members (Declarant) three votes per lot until conversion to Class A (Article IV Section 2; Bylaws Article X S)

Amendments

Before second Tuesday of May 2012: requires 90% of members; after: requires 75% of Lot Owners; Declarant may amend at any time; must be recorded (Article VII Section 3)

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