Welcome to Lexington Condo Homes! This page contains overview information of our association, useful for new residents, especially those who are first-time condominium residents.
Lexington Condo Homes is a condominium development, comprised of a number of individually owned units and common areas. Lexington Condo Homes, like other condominium developments, has an association that governs the policies of the condominium development, allocates expenses for maintenance and upkeep, and collects the association fees. All condominium owners (co-owners) are members of the association. The name of our association is Lexington Condo Homes Association (or abbreviated as LCHA).
Governing Documents LCHA, like other condominium associations, is governed by a set of documents specific to the association and by local, state and federal laws. The LCHA governing documents include the Articles of Incorporation, Master Deed, Bylaws - Exhibit A, Condominium Subdivision Plan - Exhibit B, and Adopted Rules and Regulations. These documents can be found on the Documents page of this website. As a resident of Lexington Condo Homes, please review and become familiar with these documents.
Articles of Incorporation Filed with the Secretary of State on July 17, 1972, these provide the legal basis of the LCHA as an incorporated non-profit corporation.
Master Deed Among other purposes, the master deed defines the land that makes up Lexington Condo Homes and the three types of property therein: condo-home or unit, limited common element, and general common element. A unit is the enclosed space constituting a single, complete residential unit owned by a member. A limited common element is that portion of the condominium development that serves at least one, but less than all units. A general common element is that portion of the condominium development that serves all units. Our documents use “common elements” to refer to all limited common elements and general common elements. It is important for a co-owner to understand units versus common elements in order to know who (co-owner or LCHA) is responsible for maintenance, decoration, repairs, and replacement.
Bylaws - Exhibit A Association Bylaws are the rules to manage, maintain, and administer the condominium. Condominium Bylaws set forth the rights & obligations of co-owners.
Condominium Subdivision Plan – Exhibit B The recorded map of the buildings and units contained in Lexington Condo Homes, including the number, boundaries, dimensions, area and volume of each unit and the common areas.
Adopted Rules and Regulations (ARRs) Operating rules and regulations developed and approved by the LCHA Board of Directions that apply to the management and operation of a common element or to the conduct of the business of the LCHA.
LCHA residents are responsible to be aware of and adhere to ARRs. The following is a sampling just to provide an idea of some of what the ARRs address:
Clubhouse use & rental
Pool use & waiver
Pet registration requirement
Board approval prior to doing the following:
- Tree planting - Entranceway shrub planting - Patio/deck addition - Door wall and window replacement - Front door replacement - Security system installation - Awning installation
LCHA is a legal entity that has enforcement powers to enforce the bylaws and ARRs. There is an ARR that addresses fines for violations of bylaws or ARRs.
The LCHA also has enforcement powers to collect association fees, and can put liens on units or even initiate foreclosures should a co-owner fall behind on the association fees. There is an ARR that addresses collection of delinquent accounts.
Board of Directors LCHA has a Board of Directors. Directors receive no pay. They are volunteers. They are nominated and elected by co-owners at LCHA annual meetings. The current LCHA board of directors can be found on the Contacts > Board Members page of this website.
Operating Expenses & Reserves All LCHA co-owners pay a monthly fee that covers the operating expenses associated with maintaining our property. The monthly fee includes the cost of gas and water for all units. This is due to the fact that the gas and water meters are on each building, not on each unit. A portion of the monthly fee goes into the LCHA reserve account. This account is for long-term, recurring major projects such as painting/siding, roads, and roofs, for one-time significant projects, and for emergencies.