Lake of the Woods HOA CC&Rs

Key facts from Lake of the Woods HOA CC&Rs's documents

Reflects the 1975 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Chapter 617, Florida Statutes (non-profit corporation) (Article I Section 1: 'a corporation not )

Assessments & dues

Maximum annual assessment initially $468.00 per Lot until January 1 of year following first conveyance to an Owner (Article V Section 3: 'the maximum annual)

Special assessments

Association may levy special assessments for capital improvements with assent of 2/3 of votes of each class; during first 5 years from date of Declaration, Developer's approval also required (Article V Section 4)

Collections & liens

Assessments, interest, costs, and attorney's fees constitute a lien on each Lot, subordinate to first mortgage liens. Association may foreclose in same manner as mortgages in Florida. (Article V Sections 9, 11)

Pets

Dogs, cats, and other customary household pets may be kept on Lots subject to Association rules, provided not kept, bred, or maintained for commercial purpose (Article II Section 11)

Architectural approval

Committee shall approve or disapprove within 30 days after submission; if no action, deemed approved. Approval must be in writing if not deemed. (Article VI Section 3: 'In the event the )

Use restrictions

Each Lot shall be used for single-family residential purposes only; no trade or business allowed; lease/rental for residential purposes not a violation (Article II Section 6: 'Each Lot shall be)

Voting & meetings

Two classes: Class A (Owners) – one vote per Lot; Class B (Developer) – three votes per Lot until conversion. Class B ceases when Class A votes equal Class B or March 1, 1984, whichever earlier. (Article III Section 2)

Amendments

Within first 30 years from recording, amendment requires instrument signed by not less than 90% of Lot Owners; thereafter by 75% of Lot Owners. Amendment must be recorded. (Article IX Section 3)

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