Lake Arrowhead 1C

Key facts from Lake Arrowhead 1C's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Lake Arrowhead 1C, a Condominium

Developer / declarant

TBI/Naples Limited Partnership, a Florida limited partnership (Preamble)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 2(m))

Assessments & dues

Developer guaranteed quarterly amounts: $339.00 for first period, $369.85 for second period (Section 14(j))

Special assessments

Board may levy additional assessments if insufficient or emergencies (Section 14(d))

Collections & liens

Association has lien on each unit for unpaid assessments; may foreclose as mortgage (Section 14(f) and (i))

Reserves & fees

Required for roof replacement, building painting, pavement resurfacing; may be waived by unit owners (Bylaws Article VII Section 3)

Amendments

67% of unit owners; 51% for corrections; Developer may amend during control period if not materially adverse (Section 12)

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