Lakewood Community Services Association, Inc.

Key facts from Lakewood Community Services Association, Inc.'s documents

Reflects the 1974 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master association (Lakewood Community Services Association, Inc.) with sub-associations (condominium associations, homeowners associations, villa associations) (Article II of Declaration; Article III o)

Legal name

Lakewood Community Services Association, Inc. (Article I(a) of Declaration; Amended Art)

Governing law

Chapter 617, Florida Statutes (for the Association as a not-for-profit corporation) (Amended Articles, Article II B: 'Chapter)

Assessments & dues

Not fixed; to be determined by Board of Directors at least 30 days in advance. (Article IV Section 4(a) of Declaration)

Special assessments

Permitted; due date fixed in resolution authorizing assessment. (Article IV Sections 1 and 3(d) of Declar)

Collections & liens

Assessment is a continuing lien on the property; may be perfected by recording a claim of lien; Association may foreclose lien; costs, interest, attorney's fees added. Lien subordinate to mortgages. (Article IV Sections 1, 5, 6, 7 of Declar)

Reserves & fees

Not explicitly; assessment becomes delinquent 10 days after due date; interest at highest legal rate from date of delinquency. (Article IV Sections 5(a) and 5(b) of Dec)

Maintenance

Association responsible for common properties and improvements; owners responsible for their lots/living units (implied). Association may maintain entryways and Lakewood Outfall System. (Article IV Section 2 of Declaration)

Use restrictions

Implicit: 'living unit' defined as portion of building designed for use as a residence by a single family; Declaration purpose to create residential communities. (Article I(f) of Declaration; Recitals)

Voting & meetings

Two classes in Declaration: Class A (representatives of condo/homeowner associations), Class B (Developer as sole voting member while owning units). After Class B ceases, each Class A member gets votes equal to number of lots/living units o (Article III of Declaration; Amended Arti)

Amendments

For Declaration: after 50-year term, automatic 10-year renewals unless 2/3 of owners agree to change; notice 90 days in advance; change must be recorded 1 year before effective. For Articles: proposed by Board majority or 25% petition; vote (Article V Section 1 of Declaration; Amen)

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