Lake Point Community Association

Lake Point, Utah
Public record Verified Geography Verified Statute coverage Profile available Contacts Unclaimed
Community Profile
Legal Compliance Dashboard — Live Preview Utah vs. Washington · 4 requirements tracked
3/4
CommunityPay tracks every numeric statutory requirement — fee caps, time limits, percentage caps, retention periods — across every state's community-association law. The full dashboard renders side-by-side comparisons across all 52 tracked jurisdictions and a live feed of statute amendments. Below, three rows for Utah alongside Washington.
Requirement UT WA
RC delivery deadline 5 bus. days 10 days
RC fee cap $50 $275
Judicial foreclosure required No No
Open the full dashboard for Utah → all states, every threshold, statute changes tracked daily
Estoppel Disclosure Workflow 13 standard items
UT
Community type unverified. Public records do not classify this entity as a specific community-association type. The Utah estoppel-disclosure workflow below is shown for reference. Confirm the governing documents and association classification before relying on association-specific output.
CommunityPay has not verified a state-specific statutory resale certificate regime in Utah. Disclosure follows a non-statutory estoppel workflow. The 13 items below reflect standard title company and lender expectations, not legal requirements specific to any particular association.
  • Current periodic assessment amount and any unpaid or delinquent assessments
  • Pending or approved special assessments
  • Reserve fund balance and designated projects
  • Most recent balance sheet and income/expense statement
  • Current operating budget
  • Insurance coverage provided for the benefit of owners
  • Pending lawsuits, unsatisfied judgments, or threatened litigation
  • Board composition, meeting frequency, and governance status
  • Declaration, bylaws, and rules and regulations
  • Capital expenditures approved or anticipated for current and next two fiscal years
  • Transfer fees, move-in/move-out fees, or other charges upon sale
  • Known violations of the governing documents or applicable codes
  • Right of first refusal or other restraints on transfer
Industry incumbents (HomeWiseDocs, CondoCerts) charge residents $250–$400 per resale certificate. Under Utah Code §57-8a-106, Utah caps the preparation fee at $50 by statute. With CommunityPay, the board issues the certificate directly from live ledger data — the board controls pricing within the statutory cap. Residents typically save $200+ per closing.
None of these items are confirmed for Lake Point Community Association. Set up this community on CommunityPay to track compliance and generate resale certificates from live ledger data.
Institutional Reference

Reserve study standards in Utah

Statutory requirements, board preparation checklist, the components a professional study covers, and the useful-life ranges that drive thirty-year funding plans. Generic reference. Not a substitute for a study calibrated to a specific association.

Utah does not currently encode a fixed reserve-study cadence in statute. The discipline still applies. Industry standard across the United States is below.

  • Update the component register annually as assets are added, replaced, or retired.
  • Commission a professional reserve study every three to five years. Update it when the component register changes materially.
  • Maintain a thirty-year capital plan with explicit annual funding contributions tied to the study.
  • Keep reserve funds segregated from operating cash. Disclose funding status in the annual budget.
  • Document the board-approved funding policy — percent-funded, threshold, or baseline — in board minutes.

CommunityPay maintains a Reserve Funding Status Report (RSR) generator tied to the live ledger. It is a status report, not a substitute for a professional study with on-site inspection.

What a board should have organized before commissioning a reserve study, and what a study delivers back. Use this list to evaluate whether the association is ready, regardless of state.

  1. Component register Every asset the association is responsible for maintaining — roofs, asphalt, mechanical systems, plumbing risers, elevators, amenities. Freeze a current version before the study.
  2. Condition assessments Last inspection reports, photographs, observed wear, recent repairs. The analyst calibrates useful-life estimates against this evidence.
  3. Useful-life and replacement-cost estimates Per component, calibrated to local climate, construction, and use intensity. A study produces these; the board verifies them.
  4. Thirty-year capital plan When each component reaches end-of-life and what replacement will cost in nominal dollars at that year.
  5. Funding plan Percent-funded, threshold, or baseline approach with an explicit annual contribution. The board approves; the study models outcomes.
  6. Current reserve fund balance Separated from operating cash. Ideally in interest-bearing accounts with FDIC coverage on the full balance.
  7. Annual budget tied to the funding plan Reserve contribution as an explicit budget line, traceable to the study and the funding policy.
  8. Most recent reserve study Full study, update, or interim review. Author credentials and date of the most recent on-site inspection.
  9. Insurance schedule Replacement-cost coverage on insured components. Deductibles that may draw against reserves in a loss.
  10. Board minutes referencing reserve decisions Special assessments, deferred maintenance, funding-policy changes, scope deviations from the study.

Categories most reserve studies cover. The specific components depend on the association. High-rise condos track far more than single-family HOAs. Gated communities track infrastructure that condos never see.

Roofing & Exterior

Asphalt shingle, metal, tile, or flat membrane roofs. Siding (wood, fiber cement, stucco, vinyl). Exterior paint. Soffits and fascia. Gutters and downspouts. Decks and balconies. Railings. Window and door frames in common areas.

Mechanical

HVAC chillers and cooling towers. Boilers and water heaters. Ventilation. Pumps. Fire suppression and sprinkler systems. Emergency generators. Elevators — cabs, controllers, jacks, and modernizations.

Site Work

Parking lots: seal coat, overlay, full reconstruction. Concrete sidewalks and curbs. Site lighting. Storm drainage. Retaining walls. Fencing. Entry gates and signage.

Plumbing & Electrical

Main water lines and risers. Sanitary and storm sewer lines. Backflow preventers. Common-area electrical panels and switchgear. Transformer pads. Distribution.

Amenities

Pools, spas, and pool equipment. Clubhouse interiors. Fitness rooms. Playgrounds. Tennis and pickleball courts. Mailbox kiosks. Trash enclosures and dumpster pads.

Safety & Code

Fire alarm panels. Emergency lighting. Smoke detectors in common areas. Fire-rated doors. Structural fireproofing. Sprinkler heads and inspection-required components.

A mid-size HOA typically tracks thirty to eighty components. A high-rise condo tracks two hundred or more. The categories above are illustrative. A professional reserve study identifies the components a specific association is responsible for.

Typical useful-life ranges for components common in reserve studies. Industry averages, not specific to any state, climate, or association. A professional study calibrates these to local conditions, construction quality, maintenance practice, and use intensity.

Component Typical useful life
Asphalt shingle roof20–25 years
Metal roof40–50 years
Tile or slate roof50+ years
Flat membrane roof (TPO/EPDM)15–25 years
Wood siding20–30 years
Fiber cement siding30–50 years
Stucco50+ years
Exterior paint cycle7–10 years
Gutters and downspouts20–30 years
Wood deck, pressure-treated15–20 years
Composite deck25–30 years
Asphalt parking — seal coat3–5 years
Asphalt parking — overlay12–15 years
Asphalt parking — reconstruction25–30 years
Concrete sidewalks and curbs30–50 years
Site lighting (poles, fixtures)20–30 years
Wood fencing15–25 years
Pool plaster10–15 years
Pool pump and filter7–10 years
HVAC rooftop unit15–20 years
Boiler25–30 years
Commercial water heater10–15 years
Fire alarm panel20–25 years
Elevator cab finishes15–20 years
Elevator modernization25–30 years
Carpet, clubhouse7–10 years
Playground equipment10–15 years

Ranges synthesized from common professional reserve-study references and U.S. building-component literature. Verify against a study performed by a credentialed reserve specialist (RS, PRA, or equivalent) before relying on any figure for funding decisions.

Related tools
  • Reserve Health Check → Free. Inputs reserve balance, annual contribution, building age, and components; returns a grade with the math shown. No signup required to view results.
Institutional Reference

Meeting requirements in Utah

Statutory floors for owner and board meetings — notice periods, delivery rules, quorum, voting, written consent, and record retention. Generic reference. Specific bylaws or declarations may impose tighter requirements; statutes set the minimum.

Board meeting
2 days advance notice
Utah Code §57-8a-226(2)

Most state regimes also require:

  • Open meetings — board meetings open to all members in good standing; closed executive sessions only for narrow purposes (litigation, personnel, contracts).
  • Agenda discipline — the board cannot vote on substantive matters not included in the noticed agenda except in narrow emergency circumstances.
  • Annual meeting — at least one owner meeting per year, with notice mailed to the address on record for each owner.
  • Quorum thresholds — defined in the declaration or bylaws; statutory default applies when governing documents are silent.

CommunityPay maintains a Board Meeting Packet generator that produces a state-aware agenda, draft minutes template, and compliance checklist for the board pack.

How meeting notice must be delivered, what it must contain, and what defects invalidate the notice. Statutes vary in mechanics; the principles are consistent.

  1. Delivery method First-class mail or hand-delivery to the address on file with the association is the universal default. Most states permit electronic delivery only with the owner's written consent. A posted notice on a community bulletin board is not, by itself, sufficient.
  2. Address on file The association is entitled to rely on the address each owner has provided. The owner bears the burden of keeping it current. The board must maintain a registered address list.
  3. Required content Date, time, location (or remote-access link), and an agenda. Material to be voted on — budget, special assessments, rule changes — must be identified specifically. "Other business" is not a substitute for an item.
  4. Notice period start The notice period typically runs from the date of mailing or hand-delivery, not the date of receipt. Some states count both the notice date and the meeting date; others exclude one or both. Confirm the rule.
  5. Remote participation When the association offers remote attendance, the notice must include the access information and any limitations (e.g., audio-only, no chat). Recording rules vary by state.
  6. Defective notice consequences Material defects invalidate actions taken at the meeting. Minor defects (typo in location, slightly late mailing) may be cured by attendance and waiver. Document the cure in the minutes.
  7. Emergency notice Statutes typically permit shortened notice for genuine emergencies (imminent physical harm, immediate financial loss). The board must document the emergency basis in the minutes.

Quorum sets the floor for a valid meeting. Voting mechanics — proxies, ballots, written consent — determine how votes are counted once the quorum is established.

Quorum

Defined in the declaration or bylaws. When silent, statutory defaults apply — typically 20–25% of allocated interests for owner meetings. Quorum is measured at the start; once established it persists even if attendance drops below the threshold.

Proxies

Most states permit proxies for owner meetings. The proxy must be written, dated, and signed; many states require revocation rights and an explicit scope (general or limited). Proxies do not extend to board meetings — directors must vote in person or by permitted remote means.

Written consent

Action without a meeting requires unanimous written consent in most jurisdictions, though some states permit a lower threshold for narrow categories (uncontested matters, ratification). Document the consent in the corporate records, indexed to the action taken.

Ballots

Secret-ballot procedures, double-envelope requirements, and inspector-of-elections rules apply in states with comprehensive election statutes. Director elections, recall votes, and assessment increases above a statutory threshold typically require secret-ballot procedure.

Cumulative voting

Available only when explicitly authorized by the declaration or bylaws. Otherwise straight voting applies — each membership casts one vote per open seat per candidate, with no concentration permitted.

Member in good standing

Voting rights may be suspended for delinquent accounts in some jurisdictions. Suspension typically requires due-process notice and an opportunity to cure. Statutes vary; the bylaws must align.

Minutes are the corporate record of the meeting. Statutes in every state require associations to maintain meeting minutes and make them available to owners on request. Retention periods and access rules vary.

  1. What minutes must contain Date, time, location. Directors and officers present. Quorum determination. Motions made, seconded, and the vote count. Substantive board actions and adopted resolutions. Executive-session minutes kept separately; the open-session minutes record only that a closed session occurred.
  2. Retention period Statutes vary; common floors are seven years for financial records and the life of the association for governance records. Permanent retention is the safer practice. Reserve studies, declarations, amendments, and assessments — permanent.
  3. Owner inspection rights Owners have a statutory right to inspect minutes and association records on written request. The association may charge reasonable copy fees and require inspection during normal business hours at a designated location.
  4. Approval process Draft minutes are circulated to the board, corrected, and approved at the next regular meeting. Approved minutes become the official record. Corrections after approval require a noted amendment, not silent edits.
  5. Permanent records Declaration, bylaws, articles of incorporation, rule books, amendments, and the minute book are permanent records. The association cannot dispose of them on any retention schedule.
  6. Resale disclosure Recent board and owner meeting minutes are typically required attachments to a resale certificate. The standard window is the last 12 months; some statutes extend to 24 months for amendments.
  7. Executive session Closed-session minutes record matters discussed but typically remain confidential from the general membership. Specific votes taken in closed session may need to be reported in the open-session minutes.
Related tools
Institutional Reference

Insurance & risk requirements in Utah

Statutory floors plus the Fannie Mae 1076 and Freddie Mac 1077 condo questionnaire fields lenders verify before closing. Generic reference. Specific declarations or bylaws may impose tighter requirements; statutes set the minimum.

Fannie Mae lender requirement
Hazard / property coverage
100% of replacement cost value, project improvements + common elements + residential structures
Fannie Mae B7-3-03
Comprehensive general liability
$1000000 minimum per single occurrence, bodily injury and property damage on common elements
Fannie Mae B7-4-01
  • Replacement cost basis — policy must pay to rebuild without depreciation deduction.
  • Agreed-amount endorsement — waives the coinsurance penalty when coverage is set to a stated replacement cost.
  • Inflation guard endorsement — annual escalation to keep coverage at current rebuild cost.
  • Building ordinance or law endorsement — covers the cost gap when current building codes require upgrades during a rebuild.
Fannie Mae lender requirement
Fidelity / crime bond minimum
3 months of aggregate assessments on all units
Fannie Mae B7-4-02

The fidelity / crime policy protects association funds from dishonest or fraudulent acts by anyone handling or responsible for those funds — directors, officers, employees, and the management agent. The HOA or co-op corporation must be the named insured, with premiums paid as a common expense.

  • Named covered parties — board, officers, employees, and the management company (when one is engaged).
  • Computation basis — months of assessments plus reserve balance, or a percentage of the operating budget, depending on the governing statute.
  • Annual renewal — coverage lapses are a common audit finding and trigger lender disqualification.
Fannie Mae lender requirement
Deductible cap
5% maximum of master policy coverage amount, aggregated across per-peril deductibles
Fannie Mae B7-3-03

Higher deductibles disqualify the project from conforming mortgage originations on every unit. State statutes sometimes codify a tighter cap or require board approval before deductible changes.

Flood insurance is required when any portion of the project sits inside a FEMA-designated Special Flood Hazard Area (SFHA). Coverage must equal the lesser of the building replacement cost or the National Flood Insurance Program (NFIP) maximum, with the balance covered by an excess flood policy.

Beyond the master property policy, lenders require several distinct coverages and endorsements. Each addresses a specific risk category the master policy alone does not handle.

  • Directors & officers (D&O) liability — defends board members against claims arising from governance decisions. Often required by lenders even when not codified by statute.
  • Umbrella / excess liability — extends primary liability limits, typically by $1M to $5M, to cover catastrophic claims.
  • Workers’ compensation — required when the association directly employs maintenance or management staff.
  • Earthquake / windstorm — peril-specific policies in seismic and coastal zones. Lender requirement depends on territory.
  • Environmental / pollution — applies when the association operates pools, fuel storage, or other regulated facilities.
Statutory Obligations — Utah 59 obligations across 7 categories
UT
CommunityPay has not verified this entity's community-association type. The jurisdiction-level obligations below are Utah statutory requirements that may apply depending on the association's governing documents, entity type, and statutory classification — confirm classification before relying on association-specific outputs. Each item is pinned to the underlying statute. Click any citation to read the source.
Governance 19
Board governance, meetings, voting, quorum.
  • Separate statute governing condominiums in Utah
    Separate statute governing condominiums in Utah.
     Utah Code §57-8-1
  • Parallel to but distinct from the Community Association Act (§57-8a) for HOAs
    Parallel to but distinct from the Community Association Act (§57-8a) for HOAs.
     Utah Code §57-8-1
  • Approximately 60 sections covering creation, declaration, management, assessments, liens, insurance, meetings, and developer control
    Approximately 60 sections covering creation, declaration, management, assessments, liens, insurance, meetings, and developer control.
     Utah Code §57-8-1
  • Declaration recording constitutes notice and perfection
    Declaration recording constitutes notice and perfection.
     Utah Code §57-8-44
  • The Utah Community Association Act governs all HOAs and community associations that are not condominiums
    The Utah Community Association Act governs all HOAs and community associations that are not condominiums.
     Utah Code §57-8a-101
  • Organized in 8 parts covering general provisions, administration, assessments, insurance, board, consolidation, solar access, and EV charging
    Organized in 8 parts covering general provisions, administration, assessments, insurance, board, consolidation, solar access, and EV charging.
     Utah Code §57-8a-101
  • Applies to any corporation or legal entity whose members are residential lot owners obligated to pay assessments
    Applies to any corporation or legal entity whose members are residential lot owners obligated to pay assessments.
     Utah Code §57-8a-101
  • Board must provide a reasonable opportunity for owner comments at each meeting
    Board must provide a reasonable opportunity for owner comments at each meeting.
     Utah Code §57-8a-226
  • UT Board Meeting Notice Period: 2 days
    At least forty-eight hours before the meeting
     Utah Code §57-8a-226
  • Closed sessions permitted for attorney consultations, litigation, personnel matters, and contract negotiations
    Closed sessions permitted for attorney consultations, litigation, personnel matters, and contract negotiations.
     Utah Code §57-8a-226
  • Board meetings must be open to lot owners and their designated representatives
    Board meetings must be open to lot owners and their designated representatives.
     Utah Code §57-8a-226
  • Requires 48 hours written notice (email) before board meetings to each lot owner who requests notice, unless previously included in a published schedule
    Requires 48 hours written notice (email) before board meetings to each lot owner who requests notice, unless previously included in a published schedule.
     Utah Code §57-8a-226
  • After control ends, the association may sue the declarant only with approval of owners of 51% of interests present and greater than 75% of those voting
    After control ends, the association may sue the declarant only with approval of owners of 51% of interests present and greater than 75% of those voting.
     Utah Code §57-8a-229
  • During declarant control, the developer must use reasonable care in managing common areas, establish sound fiscal basis, disclose subsidized services, maintain records, and comply with the declaration
    During declarant control, the developer must use reasonable care in managing common areas, establish sound fiscal basis, disclose subsidized services, maintain records, and comply with the declaration.
     Utah Code §57-8a-229
  • Recording the declaration constitutes notice and perfection
    Recording the declaration constitutes notice and perfection.
     Utah Code §57-8a-301
  • Owner can demand judicial foreclosure by mailing certified written demand within 15 days of receiving the association's notice
    Owner can demand judicial foreclosure by mailing certified written demand within 15 days of receiving the association's notice.
     Utah Code §57-8a-303
  • Notice must inform the lot owner of the right to demand judicial foreclosure
    Notice must inform the lot owner of the right to demand judicial foreclosure.
     Utah Code §57-8a-303
  • Declarant control terminates at the first to occur of: 60 days after 75% of lots are conveyed to non-declarant owners, 7 years after all declarants cease offering lots for sale, or declarant voluntary surrender by recorded instrument
    Declarant control terminates at the first to occur of: 60 days after 75% of lots are conveyed to non-declarant owners, 7 years after all declarants cease offering lots for sale, or declarant voluntary surrender by recorded instrument.
     Utah Code §57-8a-502
  • Upon termination, lot owners elect a board of at least 3 members (odd number), majority must be lot owners
    Upon termination, lot owners elect a board of at least 3 members (odd number), majority must be lot owners.
     Utah Code §57-8a-502
Financial 4
Financial statements, audits, banking, fund segregation.
  • UT Payoff Information Fee Cap: $50.00
    No fee in excess of fifty dollars
     Utah Code §57-8a-106
  • Fee cannot be required before closing
    Fee cannot be required before closing.
     Utah Code §57-8a-106
  • Must include component list, remaining useful life, cost estimates, annual contribution estimate, and funding plan
    Must include component list, remaining useful life, cost estimates, annual contribution estimate, and funding plan.
     Utah Code §57-8a-211
  • Rules may impose restrictions (not prohibitions) if the restriction decreases production by 5% or less and increases installation cost by 5% or less
    Rules may impose restrictions (not prohibitions) if the restriction decreases production by 5% or less and increases installation cost by 5% or less.
     Utah Code §57-8a-701
Assessment 7
Assessment levy, billing, collection, late fees.
  • Same priority structure as the HOA act — no super-priority over first mortgages
    Same priority structure as the HOA act — no super-priority over first mortgages.
     Utah Code §57-8-44
  • Establishes a lien on each condominium unit for unpaid assessments, collection costs, fees, and fines
    Establishes a lien on each condominium unit for unpaid assessments, collection costs, fees, and fines.
     Utah Code §57-8-44
  • 10% default interest rate
    10% default interest rate.
     Utah Code §57-8-44
  • Default interest rate is 10% per annum
    Default interest rate is 10% per annum.
     Utah Code §57-8a-301
  • Association holds a lien on each lot for unpaid assessments, collection costs, attorney fees, late charges, interest, and fines
    Association holds a lien on each lot for unpaid assessments, collection costs, attorney fees, late charges, interest, and fines.
     Utah Code §57-8a-301
  • No super-priority over first mortgages
    No super-priority over first mortgages.
     Utah Code §57-8a-301
  • UT Judicial Foreclosure Required Utah Code §57-8a-301
Reserves 8
Reserve studies, reserve funding, capital planning.
  • Parallel reserve study mandate for condominiums
    Parallel reserve study mandate for condominiums.
     Utah Code §57-8-7.5
  • Reserve funds must be segregated from operating funds
    Reserve funds must be segregated from operating funds.
     Utah Code §57-8-7.5
  • Same requirements as the HOA act: full analysis every 6 years, review and update every 3 years
    Same requirements as the HOA act: full analysis every 6 years, review and update every 3 years.
     Utah Code §57-8-7.5
  • This is a minimal pre-sale disclosure — no financial status, reserves, or budget are required
    This is a minimal pre-sale disclosure — no financial status, reserves, or budget are required.
     Utah Code §57-8a-105.1
  • Reserve funds must be segregated from operating funds
    Reserve funds must be segregated from operating funds.
     Utah Code §57-8a-211
  • Mandates a full reserve analysis at least every 6 years and a review and update at least every 3 years
    Mandates a full reserve analysis at least every 6 years and a review and update at least every 3 years.
     Utah Code §57-8a-211
  • Covers common area components with useful life of 3+ years and remaining life under 30 years
    Covers common area components with useful life of 3+ years and remaining life under 30 years.
     Utah Code §57-8a-211
  • UT Reserve Study Full Analysis Interval: 6 years
    At least every six years
     Utah Code §57-8a-211(2)
Disclosure 5
Owner disclosures, resale certificates, public records.
  • Before closing, the seller must provide the buyer a copy of the recorded governing documents and a link to the Department of Commerce educational materials regarding association owner rights and responsibilities
    Before closing, the seller must provide the buyer a copy of the recorded governing documents and a link to the Department of Commerce educational materials regarding association owner rights and responsibilities.
     Utah Code §57-8a-105.1
  • Caps the fee for providing payoff information at closing at $50
    Caps the fee for providing payoff information at closing at $50.
     Utah Code §57-8a-106
  • UT Payoff Information Delivery Deadline: 5 business_days
    Within five business days after receipt of the request
     Utah Code §57-8a-106
  • Association must provide within 5 business days of a closing agent's request
    Association must provide within 5 business days of a closing agent's request.
     Utah Code §57-8a-106
  • Must disclose and potentially remove on sale
    Must disclose and potentially remove on sale.
     Utah Code §57-8a-802
Enforcement 3
Rule enforcement, fines, hearings, due process.
  • If the association fails to provide within 5 business days, it cannot enforce a lien for money due at closing
    If the association fails to provide within 5 business days, it cannot enforce a lien for money due at closing.
     Utah Code §57-8a-106
  • If demanded, nonjudicial foreclosure is prohibited
    If demanded, nonjudicial foreclosure is prohibited.
     Utah Code §57-8a-303
  • Requires 30 calendar days notice before initiating nonjudicial foreclosure
    Requires 30 calendar days notice before initiating nonjudicial foreclosure.
     Utah Code §57-8a-303
Compliance 13
Statutory compliance, filings, registrations.
  • Association rules may not prohibit a lot owner with a detached dwelling from installing solar
    Association rules may not prohibit a lot owner with a detached dwelling from installing solar.
     Utah Code §57-8a-701
  • The declaration itself may prohibit solar, but if it does not, the association cannot amend to add a prohibition unless approved by greater than 67% of allocated voting interests
    The declaration itself may prohibit solar, but if it does not, the association cannot amend to add a prohibition unless approved by greater than 67% of allocated voting interests.
     Utah Code §57-8a-701
  • Associations may require application/approval process, licensed contractor, building code compliance, and reasonable design criteria
    Associations may require application/approval process, licensed contractor, building code compliance, and reasonable design criteria.
     Utah Code §57-8a-802
  • Associations may not ban EV charging installations in an owner's parking space or designated limited common area parking
    Associations may not ban EV charging installations in an owner's parking space or designated limited common area parking.
     Utah Code §57-8a-802
  • Owner pays for installation, metering, electricity, and damage
    Owner pays for installation, metering, electricity, and damage.
     Utah Code §57-8a-802
  • Does not apply to fraudulent concealment or willful/intentional acts
    Does not apply to fraudulent concealment or willful/intentional acts.
     Utah Code §78B-2-225
  • Establishes a 6-year statute of limitations for contract/warranty claims from completion, and a 2-year statute of limitations for tort claims from discovery
    Establishes a 6-year statute of limitations for contract/warranty claims from completion, and a 2-year statute of limitations for tort claims from discovery.
     Utah Code §78B-2-225
  • Statute of repose is 9 years after completion or abandonment
    Statute of repose is 9 years after completion or abandonment.
     Utah Code §78B-2-225
  • If discovered in the 8th or 9th year, an additional 2 years is allowed
    If discovered in the 8th or 9th year, an additional 2 years is allowed.
     Utah Code §78B-2-225
  • Claims limited to breach of contract; diminution in value alone is not actionable
    Claims limited to breach of contract; diminution in value alone is not actionable.
     Utah Code §78B-4-513
  • Contract rights may be assigned to HOAs or subsequent owners
    Contract rights may be assigned to HOAs or subsequent owners.
     Utah Code §78B-4-513
  • Developer has 9 months to complete reasonable repairs
    Developer has 9 months to complete reasonable repairs.
     Utah Code §78B-4-513
  • Requires pre-litigation notice to developer describing defective construction and requesting repairs
    Requires pre-litigation notice to developer describing defective construction and requesting repairs.
     Utah Code §78B-4-513
None of these obligations are confirmed for Lake Point Community Association as a CommunityPay-managed community. Set up this community on CommunityPay to track obligation compliance from a live ledger with audit-grade enforcement.
Source: Utah legal corpus. Last verified April 15, 2026. CommunityPay maintains the corpus and re-verifies on a rolling cadence.
Risk Profile — CARI Score Preview 5 weighted components · Verified score requires consent
Preview
CARI — the Community Association Risk Index — is CommunityPay's deterministic risk score for community associations. Lenders, insurers, title companies, and buyers consume it through an authenticated API. The score is computed from five weighted components and is consent-gated: the association controls whether subscribers can see it.
Financial Health 30% weight
Reserve adequacy, delinquency rate, operating ratio, fund segregation. Measured against state statutory thresholds.
Governance 25% weight
Board attestation currency, meeting compliance, policy violations, governance risk coefficient.
Vendor Risk 15% weight
Vendor compliance signals — license, insurance, bond status, payment velocity, dispute rate.
Enforcement Integrity 15% weight
Block rate, override rate, SLA breaches in the enforcement decision ledger. The audit-trail layer.
Payment Behavior 15% weight
Prevented loss, dispute rate, collection efficiency, payment-method risk.
No verified CARI score is published for Utah community Lake Point Community Association. Set up this community on CommunityPay to publish a verified CARI score that lenders, insurers, title companies, and buyers can consume through an authenticated API.
Compliance Calendar — Next 12 Months 1 deadline
Federal Form 1120-H or 1120 — annual return Apr 15, 2027 · 304 days
High IRC §528
Failure to file timely incurs IRS penalties and interest.
Source: Utah statute and federal tax law. Dates are conservative estimates based on common fiscal-year alignment; actual deadlines depend on the association's bylaws and fiscal year.
Records This Community Should Have — Utah 2 record categories required by statute
Under Utah community association law, the records below must be created and retained. Failure to produce these on owner request, audit, or litigation creates liability and erodes the board's defensibility. None are confirmed for this community as a CommunityPay-managed association.
Financial 2
  • Tax returns
    Federal and state association tax returns.
    Retention: 7 years
    IRC §6501 + state retention norms
  • Tax returns
    Federal association tax returns.
    Retention: 7 years
    IRC §6501
Set up this community on CommunityPay to create, store, and produce these records on demand from a live ledger.
Registration Details Unclassified Entity · Est. 2018 · Active
Type Unclassified Entity
Governing Statute Utah Code §57-8a-101 et seq. (Community Association Act)
State Utah
City Lake Point
ZIP 84074
County Tooele
Registration IRS-824359540
Formed March 1, 2018
Status Active
Natural Hazard Exposure Tooele County
Relatively Low
Wildfire Relatively Moderate
Winter Weather Relatively High
Earthquake Relatively Low
Lightning Relatively Moderate
Strong Wind Relatively Moderate
Social Vulnerability Very Low
Community Resilience Very High
Expected Annual Loss $26,470,582
Source: FEMA National Risk Index v1.20, Tooele County, UT
Applicable Laws 16 Utah statutes
Condominium Ownership Act — Short Title Separate statute governing condominiums in Utah. Approximately 60 sections covering creation, declaration, management, assessments, liens, insurance, meetings, and developer control. Parallel to but distinct from the Community Association Act (§57-8a) for HOAs.
Condominium Lien for Assessments Establishes a lien on each condominium unit for unpaid assessments, collection costs, fees, and fines. Same priority structure as the HOA act — no super-priority over first mortgages. 10% default interest rate. Declaration recording constitutes notice and perfection.
Condominium Reserve Analysis and Reserve Fund Parallel reserve study mandate for condominiums. Same requirements as the HOA act: full analysis every 6 years, review and update every 3 years. Reserve funds must be segregated from operating funds.
Community Association Act — Short Title and Applicability The Utah Community Association Act governs all HOAs and community associations that are not condominiums. Applies to any corporation or legal entity whose members are residential lot owners obligated to pay assessments. Organized in 8 parts covering general provisions, administration, assessments, insurance, board, consolidation, solar access, and EV charging.
Information Required Before Sale to Third Party Before closing, the seller must provide the buyer a copy of the recorded governing documents and a link to the Department of Commerce educational materials regarding association owner rights and responsibilities. This is a minimal pre-sale disclosure — no financial status, reserves, or budget are required.
Fee for Providing Payoff Information at Closing Caps the fee for providing payoff information at closing at $50. Association must provide within 5 business days of a closing agent's request. If the association fails to provide within 5 business days, it cannot enforce a lien for money due at closing. Fee cannot be required before closing.
Reserve Analysis and Reserve Fund Mandates a full reserve analysis at least every 6 years and a review and update at least every 3 years. Covers common area components with useful life of 3+ years and remaining life under 30 years. Must include component list, remaining useful life, cost estimates, annual contribution estimate, and funding plan. Reserve funds must be segregated from operating funds. Owners …
Board Meetings — Open Board Meetings Requires 48 hours written notice (email) before board meetings to each lot owner who requests notice, unless previously included in a published schedule. Board meetings must be open to lot owners and their designated representatives. Closed sessions permitted for attorney consultations, litigation, personnel matters, and contract negotiations. Board must provide a reasonable opportunity for owner comments at each meeting.
Liability of Declarant or Board — Administrative Control During declarant control, the developer must use reasonable care in managing common areas, establish sound fiscal basis, disclose subsidized services, maintain records, and comply with the declaration. After control ends, the association may sue the declarant only with approval of owners of 51% of interests present and greater than 75% of those voting.
Lien in Favor of Association for Assessments Association holds a lien on each lot for unpaid assessments, collection costs, attorney fees, late charges, interest, and fines. Recording the declaration constitutes notice and perfection. No super-priority over first mortgages. Default interest rate is 10% per annum. Lien is not subject to the Utah Exemptions Act.
Nonjudicial Foreclosure — Owner Right to Demand Judicial Requires 30 calendar days notice before initiating nonjudicial foreclosure. Notice must inform the lot owner of the right to demand judicial foreclosure. Owner can demand judicial foreclosure by mailing certified written demand within 15 days of receiving the association's notice. If demanded, nonjudicial foreclosure is prohibited.
Period of Administrative Control Declarant control terminates at the first to occur of: 60 days after 75% of lots are conveyed to non-declarant owners, 7 years after all declarants cease offering lots for sale, or declarant voluntary surrender by recorded instrument. Upon termination, lot owners elect a board of at least 3 members (odd number), majority must be lot owners.
Solar Energy System — Prohibition or Restriction Association rules may not prohibit a lot owner with a detached dwelling from installing solar. Rules may impose restrictions (not prohibitions) if the restriction decreases production by 5% or less and increases installation cost by 5% or less. The declaration itself may prohibit solar, but if it does not, the association cannot amend to add a prohibition unless approved by …
Electric Vehicle Charging Systems Associations may not ban EV charging installations in an owner's parking space or designated limited common area parking. Associations may require application/approval process, licensed contractor, building code compliance, and reasonable design criteria. Owner pays for installation, metering, electricity, and damage. Must disclose and potentially remove on sale.
Statute of Limitations and Repose — Construction Establishes a 6-year statute of limitations for contract/warranty claims from completion, and a 2-year statute of limitations for tort claims from discovery. Statute of repose is 9 years after completion or abandonment. If discovered in the 8th or 9th year, an additional 2 years is allowed. Does not apply to fraudulent concealment or willful/intentional acts.
Cause of Action for Defective Construction (Condominiums) Requires pre-litigation notice to developer describing defective construction and requesting repairs. Developer has 9 months to complete reasonable repairs. Claims limited to breach of contract; diminution in value alone is not actionable. Contract rights may be assigned to HOAs or subsequent owners.
Source: Utah state legislature. Statutes verified by CommunityPay. Last verified April 2026.
Connected to this association?

Claim Lake Point Community Association

If you're on the board, manage this community, own a unit, or live here as a resident, claim this listing and we'll work with you to bring Lake Point Community Association onto CommunityPay — at no cost until you're ready to roll it out.

Claim this unclassified entity
We'll send a verification link to confirm your email, then reach out within one business day. No spam, no obligation.
This community is not yet on CommunityPay

When communities join CommunityPay, residents can pay dues online with no transaction fees and the board gets automated payments, late fees, and an auditable ledger with enforcement controls.

Watch the setup guide
Online dues collection. Residents pay by bank transfer. Payments post to a double-entry ledger automatically.
Estoppel disclosures in seconds. Generated from live ledger data. Title-company and lender-ready disclosure packages, even where Utah has no statutory resale-certificate regime.
Auditable ledger with enforcement controls. Every financial decision is evaluated, logged, and traceable. Board turnover does not erase institutional memory.
Get started

Interested in automated dues and accounting for Lake Point Community Association?

Get in touch
We'll follow up within one business day. No spam.
Are you on the board?

Claim Lake Point Community Association

Board, manager, or owner? Claim this listing and bring Lake Point Community Association onto CommunityPay — at no cost until you're ready to roll it out.

Claim this unclassified entity
Email-verified. We follow up within one business day.
Not yet on CommunityPay

Lake Point Community Association isn't on the platform yet — residents pay dues offline and the board manages everything manually.

Watch the setup guide
  • Online dues Residents pay by bank transfer. Posts to a double-entry ledger automatically.
  • Estoppel disclosures in seconds Title-company and lender-ready packages from live ledger data.
  • Auditable ledger Every financial decision logged and traceable. Board turnover doesn't erase memory.
Estoppel certificate

Request an estoppel certificate

Buying or selling a unit? Utah does not mandate a statutory resale-certificate regime for this community type. Title companies and lenders typically request an estoppel disclosure covering 13 standard items.

Request Estoppel Certificate
For lenders & underwriters

Condo questionnaire for this association

Need answers to Fannie Mae 1076 / Freddie Mac 1077 condo questions for a mortgage on a unit at Lake Point Community Association? Submit the request below — CommunityPay receives it, routes it to the contact on file, packages the response, and returns it to you in lender-ready format.

Submit Questionnaire Request
For board members

Set up your community

Professional accounting, online payments, and compliance tools built for unclassified entitys.

Learn more
For residents

Want to pay dues online?

Share this page with your board. When they set up CommunityPay, you can pay dues by bank transfer.

Share with your board
Community data is sourced from Utah Secretary of State public registrations. Natural hazard data is from the FEMA National Risk Index (county-level, v1.20). CommunityPay does not claim a relationship with Lake Point Community Association unless explicitly stated.
United States Payments and Accounting Governance Infrastructure for Community Associations

© 2026 CommunityPay, Inc. All rights reserved.

Privacy Policy Terms of Service
Login