Villas of Lake Destiny Homeowners Association, Inc.

Key facts from Villas of Lake Destiny Homeowners Association, Inc.'s documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I Section 1 defines Association )

Units / lots

48 (implied by 1/48th share of assessments per Owner) (Article V Section 1: 'each Owner shall b)

Governing law

Florida Homeowners Association Act, Chapter 720.301 et seq., Florida Statutes (Bylaws Section 1.3; also referenced in A)

Assessments & dues

Not fixed; Board sets amount at least 30 days in advance (Article V Section 3)

Special assessments

Allowed for construction, reconstruction, maintenance, repair, replacement of Common Area, and reserves (Article V Section 4)

Collections & liens

Assessment constitutes a continuing lien on the Lot; can be foreclosed like a mortgage; subordinate to prior recorded mortgages (Article V Sections 1, 7, 8)

Reserves & fees

Association may include reserves in annual assessments; special assessments for reserves allowed (Article V Sections 2 and 4)

Pets

Yes, with limitations (Article VII Section 8)

Leasing & rentals

Yes, but subject to prior approval and leasing permit system (Article IX Sections 1-6; Third Amendment)

Parking & vehicles

Not explicitly regulated but paved roadways are part of Common Area; parking likely governed by association rules (Article VII Section 10)

Fences

Fences not specifically mentioned; but any alteration requires Board approval; Section 20 requires storage/meter areas to be screened from view; fences likely part of exterior appearance subject to approval (Article VI Section 8; Article VII Sectio)

Architectural approval

Yes; prior written approval of Board required for any material alterations, substantial additions, or changes to exterior appearance of Unit, Lot, or Common Area (Article VI Section 8)

Home business

Permitted only if incidental, confined within Unit, not visible/heard/smelled, no significant traffic increase, no insurance risk increase, not dangerous, and compliant with zoning (Article VII Section 2)

Signs & flags

No sign of any kind displayed to public view from any Lot or Unit; except signs authorized by Board for management of Common Area, and signs by Developer (Article VII Section 6)

Maintenance

Association responsible for roof tiles/shingles and support down to plywood sheeting; Owner responsible for rafters and any portion beneath plywood sheeting (Article VI Section 1)

Insurance

Association may obtain insurance for Common Area, including D&O, workers comp, flood, liability as Board determines (Article IV Section 6)

Use restrictions

Yes; Units shall be used for residential purposes only, with limited incidental business/professional activities not visible, audible, or olfactory to others (Article VII Section 2)

Voting & meetings

One vote per Lot owned; Class A (owners) one vote per Lot; Class B (Developer) nine votes per Lot until conversion to Class A after 90% lots sold (Article III Sections 2(a) and 2(b))

Amendments

During first 20 years: majority of owners present at meeting; Developer consent required as long as Developer owns any Lot. After 20 years: automatically extended for successive 10-year periods; amendment by majority vote? Actually Section (Article X Section 8)

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