Indian Lake Homeowners Association, Inc.

Key facts from Indian Lake Homeowners Association, Inc.'s documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (PUD) – single-family residential subdivision (WHEREAS clauses, Article I Section 2)

Units / lots

Phase I: 109 lots (per plat); plus Parcels A and B (non-conforming). Additional phases add more lots; total not specified exactly. (Plat on pages; Article II Section 3 ment)

Developer / declarant

Indian Lake Developers, a Florida Joint Venture (First page (opening paragraph) and Artic)

Assessments & dues

Initially $100.00 per Lot (first Lot sale). Maximum initial annual assessment: $250.00 per Lot. Later increased by Board up to 10% per year without vote. (By-laws also state annual maintenance assessment of $60.00 – conflict; likely By-laws (Article IV Section 3; By-laws Article On)

Special assessments

May be levied for capital improvements, land acquisition, etc. Requires assent of 2/3 of votes of each class at a meeting. Notice 30-60 days in advance. (Article IV Section 4 and Section 5)

Collections & liens

Unpaid assessments and fines become a lien on the Lot, subordinate to first mortgages. Association may foreclose in Okaloosa County courts. Also may bring personal action against owner. Notice of fine recorded in public records. (Article IV Sections 1, 8, 9, 10)

Reserves & fees

Interest at 12% per annum from due date after 30 days. Monetary fines up to $20/day or $2,500/occurrence for violations or delinquent assessments beyond 60 days. (Article IV Section 9 (interest); Article)

Pets

Yes – domestic dogs, cats, or other animals (max 2 unless confined exclusively inside). No breeding/commercial purposes. Must be leashed when outside. Not to trespass on other lots. No pet that disturbs other owners. (Article IX Section 14)

Leasing & rentals

Yes – Lot Owners may rent or lease homes. Rental agreement must include acknowledgment of covenants. Owner responsible for conduct of occupants. (Article IX Section 20)

Parking & vehicles

Not specifically prohibited but likely not allowed for long term; driveway required. No wheeled vehicles on public right-of-way. (Article IX Section 7)

Fences

Privacy fences allowed: cannot be closer to front than midpoint of side of house; no connection to house within 15 ft of front corner; not outside property lines; not between front of house and street or within lake greenbelt. Must be appro (Article IX Section 5; Architectural Stan)

Architectural approval

Yes – Architectural Control Committee (ACC) must approve all new construction, exterior additions, changes, fences, and alterations. Plans and specifications submitted for approval. Also builder approval required before contract. (Article V Sections 1, 2, 3; Architectura)

Home business

Not expressly forbidden in declaration; but no obnoxious or offensive trade allowed. No commercial use of lot. (Article IX Section 15)

Setbacks / home size

Minimum: Front 25 ft, Side 6 ft, Rear 15 ft, Lake 25 ft; height max 35 ft above ground. Variances allowed by ACC, but not less than county requirements. (Article IX Section 3; Architectural Stan)

Maintenance

Owner's responsibility (exterior maintenance, Article VI). (Article VI)

Use restrictions

Yes – single-family residences only. No commercial or industrial use. No structures other than detached single-family dwellings. (Article IX Section 1; Article IX Section)

Voting & meetings

Each Lot Owner (Class A) has one vote per Lot owned; Declarant (Class B) has four votes per Lot owned until conversion events. (By-laws also limit one vote per owner-member regardless of number of lots, but declaration says one vote per lot (Article III Section 2; By-laws Article O)

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