Lake Ridge Home Owners Association

Condo Certification

Condo Certification with all information for Title Agents

All Title Agents must have the New Owner Contract signed at the time of closing.

a. $510 Transfer Fee
b. $170 Monthly Fee due on the 1st of each month and a $25 late fee if not received by the 15th of each month.
c. Nobody owns more than 10% of units
d. Approximately 10 owners own more than 1 unit
e. 5 Total phases in the complex
f. All phases are complete(PhaseI 1999, PhaseII 2000, PhaseIII, IV and V 2001)
g. All units have been sold
h. Common Areas include landscaped and parking areas with no amenities(192 assigned parking, 33 vistor parking spots, 4 hadicapped stalls)
i. HOA Fees cover the following expenses:
- i. Liability and Property Insurance
- ii. Comcast/Xfinity Basic Internet
- iii. Water
- iv. Sewer
- v. Trash Removal
- vi. Outdoor electric bill
- vii. Landscape maintenance and Snow Removal
- viii. Landscape Irrigation
- ix. Management Fees
- x. Website management
- xi. Postage and materials for PO Box and mailings
j. Insurance Information
k. Recent budget and financial statement - Owners may request additional information by emailing management@lakeridgehoa.com
l. Complex is managed by the Board