Lakewood Villas III

Key facts from Lakewood Villas III's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.1)

Governing law

F.S. Law 720.403 through 720.408 and F.S. Law 720.405 (Recital paragraphs 1 and 2)

Assessments & dues

Annual budget of common expenses adopted by Association; each Lot pays 1/36 share (Section 3.2(A) and 3.3)

Special assessments

Permitted for capital improvements or other expenditures not covered by annual assessments (Section 3.2(B))

Collections & liens

Association has lien for unpaid assessments and may foreclose (Sections 3.4, 3.5, 3.7(C))

Reserves & fees

Up to 5% of delinquent amount (Section 3.7(A))

Pets

Yes (Section 10.11)

Leasing & rentals

Yes, with approval (Section 12)

Parking & vehicles

Permitted on paved streets, but overnight parking limited to two private passenger vehicles per Villa outside garage (Section 10.12)

Architectural approval

Yes, for any building, fence, wall, other structure, or exterior addition/alteration (Section 4)

Signs & flags

Flagpole for American flag only, subject to Board approval; no antenna on flagpole (Section 10.13)

Maintenance

Not explicitly stated; implied owner responsibility as part of Villa maintenance (Section 6.4)

Insurance

Association required to maintain liability and casualty insurance on Common Areas; must include property, liability, auto, and fidelity bonding (Section 9.2)

Use restrictions

Each Villa shall be occupied by only one family as a residence and for no other purpose (Section 10.1)

Voting & meetings

One vote per Lot; 36 voting interests total (Section 1.23)

Amendments

Proposed by Board or petition of nine Lots; approved by 2/3 of Lots; recorded. No amendment changing assessment share or voting rights without owner and mortgagee consent (Sections 14.2, 14.3, 14.4)

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