Community FAQ

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Here is a list of Common Community Questions:

community

Q: Who is Mastriana Property Management,  what do they do, and how do I reach them?

A:    Mastriana Property Management was retained by your Board of Directors to maintain the financial records and to assist the Board in all other business affairs of the community.  They can help you with any questions regarding your account and our Community Representative is Jon Mastriana.  Mastriana Property Management can be reached at 302.234.4860 or  e-mail address is mastrianapropmgt@aol.com.

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Q: What is a Maintenance Corporation?

A:   A maintenance corporation is a non-profit corporation registered with the State of Delaware and managed by a duly elected Board of Directors. Its purpose is to provide a communal basis for preserving, maintaining, and enhancing the community.  A maintenance corporation also provides governance with provision of the legal documents: Deed Restrictions, Bylaws, and Articles of Incorporation. The maintenance corporation is financially supported by all members of the corporation. Membership is both automatic and mandatory.

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Q: What are the Deed Restrictions?

A:   The Deed Restrictions (DR), which are also known as the Declarations, define the various legal restrictions each owner in the Maintenance Corporation must abide. The DR are recorded by the County Recorder’s office and are included in the title to your property.

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Q: What are the Bylaws?

A: The Bylaws are the adopted guidelines for the administration and management of a Maintenance Corporation. The Bylaws define the duties of the various offices of the Maintenance Corporation, the terms of the Directors, the membership’s voting rights, required meetings and notices of meetings, as well as other specific items that are necessary to run the LFV Maintenance Corporation as a corporation.

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Q: What is the Board of Directors?

A: The Board of Directors are elected by the homeowners, or as otherwise specified in our maintenance corporation bylaws. The Board of Directors’ responsibility is operating the LFV Maintenance Corporation on behalf of the property owners.  The Board of Directors will implement policies, standards, procedures, programs and develop the annual budget for the community.

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Q: What are the primary requirements of the LFV Maintenance Corporation?

A: Our maintenance corporation has established By-Laws that have been adopted by the community.  The Bylaws provide direction to the property owners in regard to parking, pets, etc. In addition to various section of the DR, the Board has adopted other rules and regulations ( i.e., use of Clubhouse).

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Q: What do I do if I want to report a violation?

A:  All violations must be submitted to Mastriana Property Management in writing.  You can submit the violation via US mail, fax or email it to  mastrianapropmgt@aol.com.    Please note that you will be required to enter your name and address but your personal information will not be disclosed.

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Q: Are Board Meetings open to all residents? If so, where and when are they held?

A:   Board meetings are open to all residents. Notice of the time and place of any regular board meetings will be noted in the community newsletter or listed online in the event’s calendar.

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Q: If I want to serve on a committee, how do I find out what committees are active and how I can get involved?

A: If you would like to become more involved in our community and want to volunteer on a committee, you can go to our website to find out about the different committees.  Or you can contact the President of our LFV Maintenance Corporation to find out more information regarding volunteer opportunities.

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Q: What is my assessment?

A:  Assessment is the monthly homeowner’s financial obligation to the LFV Maintenance Corporation.  Assessments cover the operating expenses of the Clubhouse, trash/recycling pick-ups, landscaping, and snow removal costs.  It also helps to build reserve funds for replacement of common facilities in future years.

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Q: How is the amount of my assessment determined?

A:  The annual budget, which is approved by a majority vote of the homeowners,  is calculated to cover specific expenses such as: landscaping, snow removal,  maintenance of the  common property and administration.  Reserve funds are monies set aside for future expenses due to the life expectancy of certain items: such as lighting, clubhouse repairs, exercise equipment, etc. The monthly assessment is calculated annually and adjusted accordingly to meet anticipated expenses.

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Q: Will my assessment go up?

A:   There is no concrete answer to whether or not the assessment will go up.  The Board of Directors may approve an increase in the budget in order to cover costs of operating and maintaining the common areas and sufficient reserve funds.

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Q:What happens if I do not pay my assessment?

A:   Our LFV Maintenance Corporation is dependent upon receipt of monthly assessments from each property owner.  Late payments will result in late charges and possibly interest.  In addition, the LFV Maintenance Corporation has the right to turn over delinquent accounts to an attorney for collection of assessments.

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Q: Do I need approval to do exterior changes?

A: Our maintenance corporation has specific guidelines set up for the Architectural Review and Landscaping Committee (A & L).  Improvements include, but are not limited to: patio, decks, landscaping, and exterior color changes.  These rules are set up to maintain the aesthetic value and integrity of our community and to protect the market value of our investment.  Violations of these rules may result in action by the Board of Directors. In addition, exterior improvements or changes that are completed without prior approval by the Board of Directors or the A & L Committee, may require the property owner to remove or correct the alteration and/or be fined for violations. All permanent exterior changes must be submitted prior to any work being performed.  All requests need to be sent to Jon Mastriana at Mastriana Property Management prior to the start of the work. The e-mail address is mastrianapropmgt@aol.com, who will then forward it to the A & L for approval.