Lake Saunders Reserve Condominium

Key facts from Lake Saunders Reserve Condominium's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.4 – name of condominium)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 1.3, Section 2.1)

Assessments & dues

Board of Directors prepares budget at least annually, determines assessments, and after turnover subject to approval of majority of voting interest of Unit Owners. (Section 10)

Special assessments

Permitted; defined as 'Special Assessment' in Section 2.26; must be duly adopted by Board. (Section 2.26, Section 2.2)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments, interest, late fees, attorneys' fees. Lien relates back to recording of Declaration but as to Institutional First Mortgagees effective from recording of claim of lien. (Section 11.2, 11.3)

Reserves & fees

Reserves for capital improvements or deferred maintenance included if required by law (Section 10). Incidental income may be used for reserves. (Section 10)

Leasing & rentals

Not explicitly addressed in this excerpt; Section 11.4 references rented or leased units implying leasing is permitted. (Section 11.4)

Architectural approval

Required for additions, alterations, or improvements to Common Elements or Limited Common Elements; not required for work solely within a Unit unless affecting structure or other units. (Section 8.2)

Maintenance

Roofs are Common Elements (Section 2.11(d) – roofs of Buildings are Common Elements), so Association responsible. (Section 2.11(d), 7.3)

Insurance

Reasonable deductible provisions allowed as determined by Board. (Section 12.2(a))

Use restrictions

Not explicitly stated; use defined by 'permitted purposes' in Declaration (not specified in excerpt). (Section 3.4(g) refers to 'permitted purp)

Voting & meetings

Unit 1: 50 votes, Unit 2: 30 votes, Unit 3 (Lake Saunders Apartments Unit C): 1 vote, each Residences Unit: 1 vote. (Section 5.3)

Amendments

By Association: affirmative vote of not less than 2/3 of voting interests and majority of Board. By Developer during control: may correct errors or for any purpose not materially adversely affecting owners. Certain provisions require consen (Section 6.1, 6.2, 6.3, 6.4)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.