Kings Lake Woods

Key facts from Kings Lake Woods's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 3: "KINGS LAKE WOODS, A CONDOMIN)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) (Section 2: "provided by Chapter 718, Flo)

Assessments & dues

Guaranteed assessments: $662.46 per quarter ($220.82/month) in 2001; $762.00 per quarter ($254.00/month) in 2002; $877.00 per quarter ($293.00/month) thereafter during Guarantee Period (Section 10.13: "assessments ... will not)

Special assessments

Permitted for unusual, non-recurring or unbudgeted Common Expenses (Section 10 intro)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments, including interest and attorney's fees; may foreclose (Sections 10.8, 10.9, 10.10)

Reserves & fees

May be budgeted and funded; can be waived by vote of Developer and non-Developer Unit Owners (Section 10.1 (Common Expenses include am)

Pets

Yes (Section 12.3)

Leasing & rentals

Yes, entire Unit only (Section 12.8: "No portion of a Unit othe)

Architectural approval

Yes, for material alterations or changes to exterior appearance by Unit Owner (Section 11.5: "No Owner shall make or pe)

Use restrictions

Each Unit shall be used as a single family residence only (Section 12.1: "Each Unit shall be used a)

Voting & meetings

Each Unit collectively entitled to one vote in Association matters; membership and voting rights in Association and Master Association (Section 4.35: "Voting Interest shall mea)

Amendments

By Association or Developer; vote required as per Section 21; recorded (Section 21: Amendment of Declaration (21)

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