Lakoya VI at Lely Resort

Key facts from Lakoya VI at Lely Resort's documents

Community type

Sub-Neighborhood Association (HOA) within a master planned community (Lely Resort). Not a condominium. (Section 2.6: "Not a Condominium.")

Developer / declarant

Stock Development, LLC, a Florida limited liability company (Introductory paragraph, OR 5092 PG 979)

Governing law

Not created under the Condominium Act (Chapter 718); references Chapter 190 for CDD. (Section 2.6: "expressly not intended to )

Special assessments

Permitted (Section 10.4: "Special Assessments")

Collections & liens

Creation of lien and personal obligation of assessments; remedies including foreclosure (Section 10.2: "Creation of Lien and Pers)

Reserves & fees

Mentioned in Expenses definition; use of reserves in Section 10.11 (Section 1.1.17: Expenses include "all fu)

Voting & meetings

Each Lot, Villa or Home has one vote. Declarant may change voting rights while in control. (Section 4.1: "each Lot, each Villa and e)

Amendments

Declarant can amend prior to Turnover; after Turnover, requires consent of Declarant or Sub-Neighborhood Association as per Section 2.7 and 13.2 (Section 2.7: "shall not be amended witho)

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