The Lakes HOA

Key facts from The Lakes HOA's documents

Community type

Homeowners Association (document title 'The Lakes Homeowners’ As)

Legal name

The Lakes Homeowners’ Association

Developer / declarant

The person who executed this Declaration, or any successor-in-title to the entire interest of such person with respect to the Property at the time of such acquisition pursuant to the foreclosure of a Mortgage encumbering such person's inter (Article I, Section 1.01(j))

Governing law

Non-Profit Corporation Law of Louisiana (Article VIII, Section 8.02)

Assessments & dues

$500.00 per year per Lot or Dwelling initially (Article IX, Section 9.03; Section 9.10)

Special assessments

May be levied for Common Expenses applicable to that year only, approved by Declarant (while owning Lots for sale) and majority of votes of Owners voting in person or by proxy at a duly called meeting (Article IX, Section 9.04(a))

Collections & liens

Assessments, late charges, interest, court costs and attorneys' fees shall be a real obligation and lien upon the Lot or Dwelling. If assessment remains unpaid after 60 days from original due date, Association may institute suit to collect (Article IX, Sections 9.02, 9.07, 9.08)

Reserves & fees

Board may establish and maintain reasonable reserve fund(s) for inspections, maintenance, repair, replacement of Common Areas; emergencies/casualties not funded by insurance; unforeseen operating contingencies or deficiencies (Article IX, Section 9.03(x))

Fences

No solid line of fence, wall, building or shrubbery permitted within 30-foot portion of Lots/Dwellings/Common Areas contiguous to Conservancy Area (Article III, Section 3.14)

Architectural approval

No Owner shall decorate, change, or otherwise alter appearance of any portion of exterior of a Dwelling or landscaping, grounds or other improvements within a Lot unless first approved in writing by Architectural Review Committee. Also no w (Article V, Section 5.01; Article X)

Insurance

Each Owner responsible at own expense to provide public liability, property damage, title, and other insurance for own Lot and Dwelling. Board may require Owners to carry public liability and property damage insurance and furnish certificat (Article VI, Section 6.01(e))

Use restrictions

All Lots within the Development shall be and are hereby restricted exclusively to residential use (Article II)

Voting & meetings

Each Lot and each Dwelling shall have one vote. Class A Members (all Owners except Declarant) entitled to one vote for each Lot. Class B Member(s) (Declarant) have total votes equal to one more than total Class A votes, but reduced to one v (Article V, Section 5.03)

Amendments

Not explicitly detailed in this document excerpt

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