Lake Forest Homeowner S Association of Palm Coast

Key facts from Lake Forest Homeowner S Association of Palm Coast's documents

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

Community type

Homeowner's Association (HOA) – Lake Forest Homeowner's Association of Palm Coast, Inc. (Notice title and Article I(e))

Governing law

Chapter 720, Florida Statutes (revival) and Chapter 712, Florida Statutes (original extinguishment) (Notice WHEREAS clauses referencing Chapt)

Assessments & dues

Not fixed; Board determines budget annually and sets assessment amount. (Article VII, Section 3(a))

Special assessments

For capital improvements, emergencies, or non-reoccurring expenses: by majority of Board for amounts up to $4,000; for amounts exceeding $4,000, requires two-thirds favorable vote of Members. (Article VII, Section 10)

Collections & liens

Unpaid assessments become a continuing lien on the Lot, superior except to tax liens and first mortgages. Association may foreclose lien. Personal obligation remains with owner at time assessment fell due. (Article VII, Sections 1 and 6)

Reserves & fees

Yes, Association may maintain reserves as it deems necessary. (Article VII, Section 1)

Pets

Yes, but subject to regulations (Article XI, Section 10 referenced in TOC). (TOC reference)

Leasing & rentals

Yes, but subject to condition that all unpaid assessments are paid. Any sale or lease in violation is voidable at Board's option. (Article VII, Section 7(a))

Parking & vehicles

Regulated (Article XI, Section 18 referenced in TOC). (TOC reference)

Fences

Fences require ARC approval; details not provided. Also, original construction includes fences around courtyards. (Article XI, Section 3(a) and Article I(i)

Architectural approval

Yes, Architectural Review Committee (ARC) approval required for any building, wall, fence, courtyard, decking, paving, awnings, or other structure or improvement, including changes in exterior appearance. Landscaping also requires approval. (Article XI, Section 3(a))

Home business

Prohibited (Article XI, Section 33 "Businesses" referenced in TOC but text not provided; likely prohibits businesses). (TOC reference)

Signs & flags

Regulated (Article XI, Section 9 referenced in TOC). (TOC reference)

Setbacks / home size

Not to exceed 30 feet. (Article XI, Section 2)

Maintenance

Association maintains, repairs, replaces roof as part of exterior maintenance. (Article VI, Section 2(a)(1))

Insurance

Association maintains liability insurance covering Common Areas, vandalism/malicious mischief, workers' compensation, directors and officers liability, fidelity insurance. Also obtains casualty insurance for attached homes (proceeds held as (Article IX, Section 1 and Section 2(b))

Use restrictions

Yes, lots shall be used for residential purposes for immediate members of a single family and their guests and invitees. (Article XI, Section 1)

Voting & meetings

Class A members (owners other than Company): one vote per lot. Class B member (Company/Developer): ten votes per lot until the last lot owned by Company is sold and conveyed. Company has right to elect majority of Board until it no longer h (Article III, Section 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.