Frequently Asked Questions

In a resident-owned communiyt, residents form a not-for-profit co-op
Each household is a member of the co-op and a shareholder. As a group, the co-op owns the land and manages the community
The members continue to own their own homes individually
There are many benefits to living in a resident-owned community, including control of monthly HOA fee, repairs and improvments, lifetime security against unfair eviction and a strong sense of community
Everyone has a say in the way the co-op is run and major decisions are made by democratic vote.

Each Member household pays three charges
The first is the non-refundable Application Fee of $20 for each adult in the home
The second charge is one-time Membership Fee of $300. Once a member has paid the membership fee, he or she only pays the HOA fee and members get their membership fee back if they sell their homes.
The third charge is the home owner's assessment fee that is collected monthly to pay for operating expense like taxes, insurance, trash/recycling collection and the co-ops mortgage payments. The fee is currectly $389 per month.
For more information, please contact Keynote Realty, our property management company at 585-262-3113 ext. 25

Yes! Lakeville Village is a pet-friendly community. Two pets are allowed per home. Restrictions are detailed in the community rules

First, agree to terms with the seller of the home and sign a purchase and sales agreement
Second, immediately complete and submit a membership application. the board of directors must approve new members through an application process which includes criteria for membership.
Finally, upon board approval, payment of the membership fee, execution of an occupancy agreement and successful transaction with the seller, take the keys and start enjoying your new home and the stability and security that comes with living in a resident-owned community

The Members elect a Board of Directors, which makes the day-to-day decisions. This way, decisions may be made efficiently and in the best interest of the group.
The co-op contracts for certain mangement tasks ( property managment, snow plowing, mowing, ect...)
Contractors work under the direction of the board.

The members of the co-op elect the board of directors
The board of directors consists of seven members who are in good standing with the co-op
Elections take place at an annual meeting each fall
Board members shal serve for a term of two years. No director may serve for more than three consecutive two-year terms.
The board of directors is always looking for volunteers - there's always a place for those who want to pitch in.

Contact Keynote Realty, our property management company, at 585-262-3113, Ext. 3 or email keynotetammy@frontiernet.net