Assessments are due July 1st every year and are as follows:

  • Developed lot $301.00
  • Undeveloped lot $201.00

If you own multiple lots, combine the assessments, and pay the total.

Please Mail all Assessment checks to:
Lake Hondah Property Owners Assn
200 Hondah Blvd
Brevard, NC 28712

We have developed a new online payment system
using Credit or Debit Cards.
Please click here to use this new payment system.
(3.5% service fee applies!)

VENMO may also be used ( https://account.venmo.com/u/lakehondah ) BUT first contact us for the full payment amount as Venmo charges 2% for business account transactions.

On August 1st, interest will begin to accrue on unpaid balances at l% per month.
Liens may be filed against any delinquent properties.

BYLAWS (June 12, 2010)
ARTICLE VII–ASSESSMENTS
SECTION 1-GENERAL:

The Association shall have the power to levy annual and special assessments as herein set forth. All assessments shall be prepaid on an annual basis or paid to the Association in installments as may be determined by the Board.

SECTION 2- ANNUAL ASSESSMENT:
Each year the Board shall consider the current and future needs of the Association and, in light of such needs, fix by resolution the amount of annual assessment to be levied against each lot in the development, which amount shall be a debt of the member owning such lot, however such assessment may not be increased by more than ten (10) percent of the previous year’s assessment. If additional annual assessments are necessary, such assessments may only be levied with the consent of a majority of the membership.

Owners of undeveloped lots will be assessed at $100.00 less the assessment of a developed lot for each lot owned.

When a permit for construction is issued, an Impact Fee, 2 ½ times the annual assessment for a developed lot, shall be paid to the Association within (30) days by the owner of the lot on which the building is to be built. In the case of a remodel, garage or addition construction, it would be exempt from the Impact Fee. All impact fees collected shall be used for the sole purpose of normal road maintenance as determined by the Board of Directors. Any assessment for undeveloped lots paid during that fiscal year prior to the issuance of the permit for construction shall then be recalculated as a developed lot and shall also be due within 30 days. This assessment shall remain in effect whether or not the house remains occupied.

RESTRICTIVE COVENANTS (March, 1996)
PART C – PROPERTY OWNERS ASSOCIATION
C-1. MEMBERSHIP:

Every person or entity who is the record owner of a fee interest of any property that is subject to these restrictive Covenants shall be deemed to have a membership in the LAKE HONDAH PROPERTY OWNERS ASSOCIATION INC. Membership shall be appurtenant to and may not be separated from such ownership. Voting shall be limited to one (1) vote per ownership entity whether that entity be one or more persons, associations, corporations of the like.

Each owner agrees to comply with all rules and regulations promulgated by the Property Owners Association and further agrees to pay all assessments, fines, or penalties levied by the said Property Owners Association in accordance with these Restrictive Covenants and the Bylaws of the Property Owners Association. Any such assessments, together with interest, costs, and reasonable attorney’s fees, shall also be the obligation of the owner or owners of such lot, Assessments shall be paid in such manner and on such dates as fixed by the Board of Directors of the Property Owners Association.

All sums assessed against any lot pursuant to the rules and regulations and Bylaws of the Property Owners Association, together with late charges, interests, costs, and reasonable attorney’s fees actually incurred, shall be secured by a lien on such lot in favor of the Property Owners Association, and such lien shall attach upon the filing thereof by the Property Owners Association in the office of the Register of Deeds for Transylvania County, North Carolina.

In the event that the assessment remains unpaid, the Property Owners Association may take such action, as it may deem necessary to collect such assessments, by personal action or by enforcing and foreclosing said lien in like manner as a deed of trust or mortgage of real properly or both. Interest on late payment of assessments shall be at the rate of one percent (1%) per month beginning thirty (30) days after the date such assessment shall be due. In no case shall the transfer of ownership of any lot exempt an owner from a debt owed to the Property Owners Association.