Lake Club Life HOA

Key facts from Lake Club Life HOA's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners' Association (HOA) (Article I (b): 'LAKE CLUB HOMEOWNERS' AS)

Units / lots

Not explicitly stated in provided text; each Lot is a separate parcel (N/A)

Developer / declarant

Lake Club Investors, LLC, a Florida limited liability company (Opening paragraph: 'Declarant' or 'Devel)

Governing law

Florida (implied by references to Florida corporations and statutes) (Article I (b): 'a Florida corporation no)

Assessments & dues

Adoption of a projected operating budget by the Board of Directors (for Club Dues and Assessments) (Article V, Section 6 and Article VI, Sec)

Special assessments

Yes, defined as non-recurring and/or unforeseen expenses (e.g., capital additions, uninsured casualty). Subject to same manner as maximum annual rate increases unless for casualty restoration. (Article VI, Section 2(d))

Collections & liens

Assessments are a charge and continuing lien upon the Lot and a personal obligation of the Owner. Club Dues also create a lien in favor of Club Owner, superior to Association lien for Club Membership Fee. Lien recorded in Public Records. (Article VI, Section 1 and Article V, Sec)

Reserves & fees

Not explicitly described; Club Expenses include reserves (Article V, Section 6.2) (Article V, Section 6.2)

Leasing & rentals

Not explicitly stated; Owners may lease Lots as implied by 'lessees' in easements and Club use (Article IV, Section 13 (lessees mentione)

Architectural approval

Yes, for initial construction and modifications. Lake Club Design Review Committee (initial), Modifications Committee (later). (Article I (t) and (x); Article VIII, Sec)

Maintenance

Association responsible for Common Areas, Club (initially Club Owner), and Outdoor Amenity Areas. Owners responsible for their Lots (including interior? Not specified). Maintenance of Exclusive Common Areas may be owner responsibility. (Article IV, Section 3 and Article V, Sec)

Use restrictions

Not explicitly stated in provided text; implied by residential nature (N/A)

Voting & meetings

One vote per Lot; three classes of membership: Class A (Owners except Builders and Declarant), Class B (Declarant, with supermajority voting power – 1 vote plus 2 votes for each vote entitled to Class A and C), Class C (Builders). Class B c (Article III, Sections 1 and 2)

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