Lake Forest Homeowners Association

Key facts from Lake Forest Homeowners Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Lake Forest Homeowners Association

Units / lots

113 (Article 2, Section 2.2)

Developer / declarant

Matrix Development Corporation

Assessments & dues

Set annually by Board budget (Article 10, Section 10.4)

Special assessments

Allowed for construction, alteration, repair, or maintenance of Common Area or Maintenance Area (Article 5, Section 5.4; Article 10, Sect)

Reserves & fees

Yes, for replacement of Common Area and Maintenance Area improvements with 3-30 year life (Article 10, Section 10.5)

Pets

Yes, reasonable number of household pets kept not for commercial purposes (Article 4, Section 4.7)

Leasing & rentals

Yes, with written rental agreement, minimum 30 days, tenant must receive documents, Owner responsible for tenant violations (Article 4, Section 4.6)

Parking & vehicles

Permitted except to extent prohibited by government authorities or Board (Article 4, Section 4.9)

Architectural approval

Yes, for any construction, reconstruction, exterior alteration on any Lot (Article 4, Section 4.2; Article 6, Secti)

Home business

Permitted if not observable outside residence, does not increase parking or traffic, and does not violate local ordinances (Article 4, Section 4.1)

Signs & flags

One 'For Sale' or 'For Rent' sign (max 24''x36'') allowed; political signs allowed; no signs on Common Area except Declarant's marketing signs (Article 4, Section 4.11; Article 9, Sect)

Setbacks / home size

Not less than 1,400 square feet exclusive of attics, patios, decks, porches, balconies and garages (Article 4, Section 4.3(b))

Use restrictions

Lots shall be used for residential purposes only; no trade, craft, business, professional, commercial or similar activity except as permitted (Article 4, Section 4.1)

Voting & meetings

Class A: 1 vote per lot; Class B: 3 votes per lot until termination (Article 7, Section 7.3)

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