Lakewood Villas VII

Key facts from Lakewood Villas VII's documents

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

Community type

Homeowners Association for a planned community of cluster homes (zero lot concept) (Article II, OR 5579 PG 2048-2049)

Units / lots

44 living units (Article II, OR 5579 PG 2048)

Governing law

Chapter 617, Florida Statutes (Non-Profit Corporation) (Articles of Incorporation, Art. I, OR 55)

Age restriction

Minimum age restriction: No child under 8 (amended from 13) may reside except as temporary guest not exceeding 3 weeks in any 6-month period (Declaration Art III Sec 3(9) as amended )

Assessments & dues

Board of Directors fixes the date and amount of each assessment, prepares roster; notice sent to owners (Declaration Art V Sec 4)

Special assessments

Allowed; in excess of $100 per Lot per year requires consent of two-thirds of members other than Developer (Declaration Art V Sec 1)

Collections & liens

Assessments become a continuing lien on the Lot; may be foreclosed in manner similar to condominium liens; Claim of Lien recorded; attorney's fees and costs added (Declaration Art V Sec 5-6 (as amended))

Reserves & fees

Board may include reasonable reserve in budget (Bylaws Art IV Sec 10(b)) (Bylaws Art IV Sec 10(b))

Pets

Dogs, cats and other small household pets allowed (not for commercial breeding); must be leashed or under voice control; not unattended on Common Areas (Declaration Art III Sec 3(4))

Leasing & rentals

Implied; lease subordination to lien mentioned; no express restrictions (Declaration Art V Sec 7 (as amended) – l)

Parking & vehicles

Boats, recreational vehicles and/or trailers must be properly concealed from public view in garages (Declaration Art III Sec 3(5))

Architectural approval

Yes, for any building, fence, wall, structure, exterior addition/alteration; plans must be submitted to Board or Architectural Committee (Article VI; also Declaration Art III Sec)

Maintenance

Association responsible for Common Area maintenance; owner responsible for Villa (including insurance and reconstruction after casualty) (Declaration Art V Sec 2; Art III Sec 6 ()

Insurance

Owner must maintain casualty insurance on Villa in amount equal to full insurable replacement value; failure allows Association to purchase and charge owner/lien (Declaration Art III Sec 6 (as amended))

Use restrictions

All Properties are residential; only one single-family residence per Lot (Declaration Art III Sec 3(1))

Voting & meetings

One vote per Lot; joint owners determine among themselves; no more than one vote per Lot (Declaration Art IV Sec 2; Bylaws Art III)

Amendments

Until all Lots sold, Developer may amend unilaterally; after sale, amendment by affirmative vote of 2/3 of Lots. Duration extension requires 2/3 vote recorded 1 year in advance with 90 days notice (Declaration Art VII Sec 1-2)

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