Lake Mary Woods

Key facts from Lake Mary Woods's documents

Community type

homeowners association (not condominium) (WHEREAS clauses / Article IV Section 1)

Units / lots

101 (Property description (38+43+14+6))

Developer / declarant

Terry D. Hagen and Neal W. Harris (First paragraph)

Governing law

Florida Statutes (Chapter 718 referenced as not applicable) (WHEREAS clauses)

Assessments & dues

$150 per lot per year initially (until Jan 1, 1987) (Article VI Section 3)

Special assessments

levied by Association for unexpected expenses, capital improvements, or other purposes subject to 2/3 vote of each class (Article VI Section 9)

Collections & liens

assessment is a continuing lien on the lot; may be foreclosed like mortgage (Article VI Section 2, Section 5)

Reserves & fees

annual assessment shall provide reasonable reserves for deferred maintenance, replacements, betterments (Article VI Section 1)

Pets

domestic pets allowed but must be kept on leash or within enclosed area (Article VII Section 15)

Leasing & rentals

implied; owner may delegate use to tenants (Article III Section 3)

Parking & vehicles

prohibited (Article VII Section 18)

Architectural approval

Prior ARB approval required for any building, fence, wall, pool, landscaping, or other structure (Article II; Article VII Section 1)

Setbacks / home size

Front yard not less than 30 ft; rear yard not less than 30 ft; side yards not less than 10 ft each (Article VII Section 3)

Voting & meetings

Class A (owners) one vote per Living Unit/Lot; Class B (Developer) three votes per lot owned until Turnover (Article V Section 4)

Amendments

Within first 20 years: 90% of lot owners; after: 75%; also requires Developer consent while owns any lot; FHA/VA approval if Class B exists (Article IX Section 8; Section 9)

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