ABOUT THE HOA

Welcome to the Village of Lane’s Run Homeowners Association, Inc. Each homeowner is involved in our Association in some manner. Involvement for you may be only that you pay your assessments on time and comply with the governing legal documents of the Association, or you may wish to take a more active role and serve on the Board of Directors or a committee. Below are items we feel you should know about the Village of Lane’s Run Homeowners Association.

What is a Homeowners Association?
It is a non-profit corporation, chartered under the laws of the State of Kentucky. Membership is mandatory; each owner automatically becomes a member of the Association upon acquiring a home or a plat of land in the subdivision. The Association is governed by By-Laws of the Association and the Deed of Restrictions that pertain to your home address. Every homeowner should read the documents. If you did not receive a copy of these documents from your realtor or title company at closing, please view/download them from the Documents tab.

The Major Responsibility of the Association
Protection of Homeowners investments, enhance the values of our properties by providing physical maintenance and operations of shared properties (landscape of common areas, etc.), common services (insurance, etc.), enforcement of deed of restrictions, collection of assessments, social and recreational programs, and lowering costs of operations budgets, etc.

Mission Statement
The purpose and intent of the Village of Lane’s Run Homeowners Association Board of Directors is to build community among the homeowners within the Village of Lane’s Run development, encourage equity growth within the development properties, support improvements to those properties through interpretation and enforcement of the restrictions of record, and approve of modifications and improvements within those restrictions.

Assessment
It is payable annually and is due by March 31st of each year which is currently $300. Payment must be received no later than March 31st of that year. Any assessment not paid within thirty days after the due date shall bear interest from the due date at the rate of $2 per month. The Association may bring an action at law against the owner(s) personally obligated to pay the same, and/or place a lien against the property for unpaid assessments. 

What the Homeowners Assessment Covers
Landscaping in the common areas, insurance, management company fees, legal services, newsletters, committee funds, postage, website support, board meeting copies, and the annual membership meeting.

Exterior Improvements Restrictions
Provides and maintains uniformity and harmony in construction of improvements to the homes in the subdivision. In time, you may want to make certain improvements to your home and property. In order to protect the investment of all the homeowners and to keep the subdivision a pleasant neighborhood in which to live, any changes, including landscaping and the addition of a fence, made to the exterior of your property, must be approved by the Board of Directors. Please see Exterior Improvements for this process.

Deed Restrictions
The owners or their occupants must maintain all lots in a sanitary, healthful, and attractive manner. Weeds and grass must be cut and lawns edged, as needed. Lots will not be used to store materials and/or equipment, other than normal conditions governed by the Deed of Restrictions. No boats, trailers, motor homes, or commercial vehicles may be stored in public view. If you have other questions and/or concerns, please feel free to contact the Association.