Lake in the Woods at Vero Etc

Key facts from Lake in the Woods at Vero Etc's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

LAKE IN THE WOODS AT VERO BEACH CONDOMINIUM ASSOCIATION, INC. (Page 1, Article V)

Governing law

Florida Condominium Act (Page 1, Declaration)

Special assessments

Board may levy additional assessment for items not included in annual budget (Article VII, page 12 (text: 'Failure of )

Collections & liens

Association has a lien for unpaid assessments; may foreclose like a mortgage; must give 30 days notice to owner before filing foreclosure action; notice by certified mail (Article VII, pages 14-15)

Reserves & fees

If unpaid after 30 days, a late fee of $30 or 5% of the amount (whichever is greater) plus interest at 18% per annum (Article VII, page 14 (text: 'If the past)

Signs & flags

Article XXVII 'SIGNAGE' (page 30); text not readable, but signs regulated (Article XXVII, page 30)

Use restrictions

Article X 'USE RESTRICTIONS' (page 22); text garbled but likely includes prohibitions on nuisances, commercial activities, etc. Specifics: no signs except developer's, no commercial vehicles? (OCR not reliable) (Article X, page 22)

Voting & meetings

One vote per unit; initially 14 votes; number of votes increases as phases added (Article VI (pages 12-13) and text: 'Init)

Amendments

May be amended by approval of 67% of unit votes cast at a meeting; amendments changing ownership shares or common expenses require unanimous vote of all members and their institutional first mortgagees (Article XIII, page 24)

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