Lakeside North Condominiums

Key facts from Lakeside North Condominiums's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Lakeside North Condominiums

Governing law

Washington Condominium Act, Chapter 64.34 RCW (the "Act") (Article I, Section 1.2)

Assessments & dues

Annual budget prepared by Board; summary provided to Owners; meeting held; budget ratified unless rejected by majority of allocated votes. Assessments then levied in proportion to Allocated Interests for Common Expense Liability. (Section 10.1, 10.2, 10.4.1)

Special assessments

Board may levy special assessment for unexpected repair, nonrecurring contingency, or deficiencies; requires notice and meeting not less than 14 days after notice; due with next monthly payment after 30 days of notice. (Section 10.7)

Collections & liens

Association has statutory lien for Assessments (Section 10.15); can be foreclosed nonjudicially under Power of Sale granted in Declaration (Section 1.2); rent subject to lien upon owner default (Section 10.20.1); appointment of receiver dur (Sections 10.15 - 10.20, and Section 1.2)

Reserves & fees

Board must establish and maintain reasonable reserves for capital improvements, replacements, major repairs, and insurance deductibles; funded through annual budget; reserves segregated and paid monthly; may also establish reserves for oper (Section 10.3)

Pets

Yes, limited to small birds, aquarium fish, well-behaved dogs and cats, and other well-behaved animals that do not normally leave Unit or adjacent Limited Common Elements. (Section 9.1.7)

Leasing & rentals

Yes, but limited: total number of Rental Units (leased by Investor-Owners) is four (4). Units leased to immediate family members not counted. Owner-Occupants may lease temporarily for health, vacation, employment relocation up to 2 years wi (Section 9.2.1, 9.2.2)

Parking & vehicles

Not explicitly prohibited; only 'operable, properly registered automobiles, light trucks and family vans' are mentioned; commercial vehicles not addressed. (Section 9.1.3)

Architectural approval

Board approval required for changes to exterior appearance, structural alterations, and removal of partitions for combining units (Section 4.7.2, 4.7.3). Board may also regulate any modification or decoration of decks or other Common Elemen (Section 4.7.2, 4.7.3, 9.3)

Home business

Professional office or other low impact commercial use may be permitted by Board with conditions, including payment of increased insurance and proof of liability coverage. (Section 9.1.1)

Signs & flags

Not specifically mentioned; possibly regulated under signs (Section 9.1.6) unless Board policy allows.

Use restrictions

Units shall be used for residential purposes only, whether ownership or rental, and for common social, recreational or other reasonable uses normally incident. Board may permit professional office or low impact commercial use if consistent (Section 9.1.1)

Voting & meetings

Each Unit has one vote (equal votes for all Units). Voting manner prescribed in Bylaws. (Section 7.4.1, 7.4.2)

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