Terrace V at Lakewood National Condominium

Key facts from Terrace V at Lakewood National Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 1.2 submission to cond)

Legal name

Terrace V at Lakewood National Condominium Association, Inc. (Section 2 'Association' definition)

Units / lots

60 (minimum/maximum if all phases submitted) (Section 3 and Section 3.9 (30 per phase,)

Governing law

Florida Condominium Act (Chapter 718 of Florida Statutes) (Section 2 ('Act') and Section 1.2)

Special assessments

Allowed; defined as any assessment levied other than the annual budget assessment (Section 2 'Special Assessment' and Secti)

Reserves & fees

Required under Section 13.5 Reserve Funds (Section 13.5)

Pets

Yes, subject to rules and regulations (Section 18.13 Pets)

Leasing & rentals

Yes, subject to applicable restrictions (Section 18.9 Leases)

Use restrictions

Prohibited; no illegal or offensive use, no act that interferes with other owners (Section 18.11 Nuisances)

Voting & meetings

One (1) vote per Unit regardless of number of unit owners (Section 2 'Voting Interest' definition a)

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