Lake Front Royal

$50 per lot × 345 lots = $17,250 operating budget. Major lines include insurance, internet, accounting, legal (as needed), collections, capital improvements, and more. Projected FY25 funds: $55,174.92; Money Market Reserve: $26,946.51. (Budget 2025)

A $10,000 emergency-only fund (e.g., damage to common property). At least 10% of road/facility fees are added annually until it reaches $10,000. Withdrawals require the approvals specified in the By-Laws; if used, it must be replenished. (By-Laws, Art. XI)

Yes. New dwellings, outbuildings, and any improvements requiring a building permit must be approved by the Architectural Committee before work begins. The Committee may charge a reasonable administrative fee and set protective conditions. (Restrictive Covenants, §2)

The Board cannot levy special assessments on its own. Any special assessment requires approval by a majority of votes cast (in person or by mail) at a properly called meeting. (By-Laws, Art. V §7)

Roads and facilities are private for owners/guests only. No portion of a lot may be sold/used as a right-of-way to property outside the subdivision (except unsold Association lots or Association-built roads). (Restrictive Covenants, §§7–8)