Lakewood Villas V

Key facts from Lakewood Villas V's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Section 4.1: LAKEWOOD VILLAS V HOMEOWNER)

Legal name

Lakewood Villas V Homeowners Association, Inc. (Section 4.1)

Governing law

Florida Statute Section 720.403 (WHEREAS ... for revival pursuant to Flor)

Assessments & dues

Regular assessments based on budget adopted by Association (Section 6.1(A): the Lot's pro rata share)

Collections & liens

Association has a lien on the Lot for unpaid assessments and charges; may foreclose by action (Section 6.5: assessments and charges are)

Reserves & fees

Reasonable fee not to exceed maximum allowed by law (Amendment OR 3756, new Section 14.2(D): )

Pets

Yes, up to 2 normal domesticated household pets per Living Unit (Section 11.13: The Owner of each Living )

Leasing & rentals

Yes, with restrictions (Section 11.3)

Architectural approval

Yes, for any building, structure, improvement, grading, landscaping altering exterior (Section 7: No building, structure or oth)

Home business

Prohibited except personal business records (Section 11.12: No professional office or)

Insurance

Owner must maintain casualty insurance on Living Unit at full replacement cost (Section 10.1: Each Owner shall at all ti)

Use restrictions

Yes (Section 11.1: No building other than a s)

Voting & meetings

One vote per Lot owned (Section 5.5: Members are entitled to one)

Amendments

By two-thirds (2/3) of voting interests present and voting at annual or special meeting; notice required; no change to assessment share or voting rights without owner consent; also possible by instrument signed by 2/3 of Lots recorded for r (Section 15: Amendment by concurrence of )

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