Lakes Estates Homeowners Association, Inc.

Key facts from Lakes Estates Homeowners Association, Inc.'s documents

Community type

Homeowners Association (Neighborhood Association, non-condominium) (Article 1.23, 1.24, 3.3)

Units / lots

101 (one Dwelling Unit per Lot) (Article 2.1(a))

Governing law

Florida Homeowners Association Act (Chapter 720, Florida Statutes) (Article 1.1)

Assessments & dues

Set by Board via 12-month operating budget; not fixed in document (Article 6.3)

Special assessments

Allowed without vote for capital improvements, non-recurring expenses, casualty, etc. (Article 6.4, 7.9)

Collections & liens

Association has a continuing lien on the Lot for assessments, subordinate to first mortgage. Foreclosure available. (Article 6.6, 6.8)

Reserves & fees

Required by law; reserves deposited in separate account; exclusive property of Association (Article 6.13, 7.10)

Pets

Yes, dogs, cats, aquarium fish, other domestic pets allowed, subject to rules and county ordinances (Article 8.14)

Leasing & rentals

Yes, but Dwelling Unit must be leased in its entirety; no fractional leasing; no bed and breakfast; minimum term six months (Article 8.2)

Parking & vehicles

Board may adopt rules regulating street parking (Article 8.15 last paragraph)

Fences

Subject to ACC approval; no specific dimensions given (Article 5.3, 5.4)

Architectural approval

Yes, for all exterior improvements, changes, alterations (exceptions: same-color paint, re-sodding, mulching, minor plant replacements) (Article 5.3)

Home business

Allowed with conditions: not detectable from outside, conforms to zoning, no door-to-door solicitation, consistent with residential character (Article 8.1(1)-(4))

Signs & flags

For sale/rent signs allowed (subject to ACC rules); candidate signs limited; other signs prohibited without ACC approval (Article 8.5)

Maintenance

Not explicitly allocated; assumed Owner responsibility for Dwelling Unit (Article 8.13)

Insurance

Property insurance at full replacement cost for Common Area improvements; liability insurance $1M/$5M; fidelity bond at least 50% of estimated annual operating expenses (Article 7.3)

Use restrictions

Lots and Common Areas shall be used for single-family residential purposes only (Article 8.1)

Voting & meetings

As provided in the Bylaws; one vote per Lot, membership appurtenant to ownership (Article 3.1, 3.2)

Amendments

Termination requires instrument signed by 2/3 of Unit Owners and 2/3 of institutional mortgagees; amendment process not otherwise described (Article 2.1(c))

Amenities

Lakes Estates Common Areas include lakes, open space, drainage areas, native habitat preserve; no specific recreational amenities listed (Article 1.15)

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