Forest Lakes Condominium Association, Inc.

Key facts from Forest Lakes Condominium Association, Inc.'s documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhouse Community - Homeowners Association (HOA) (Declaration heading 'Townhouse Community)

Governing law

Florida Statutes Chapter 617 (Non-Profit Corporation Law) (Articles of Incorporation preamble and A)

Assessments & dues

Not fixed; set annually by Board. Quarterly charge for current expenses. Assessments due in two equal installments on Jan 1 and July 1. (Declaration para 7; By-Laws Art VI C)

Special assessments

May be levied with assent of two-thirds (2/3) of votes cast at a membership meeting called for that purpose. (Declaration para 7)

Collections & liens

Association may file lien for unpaid assessments; lien secures costs and reasonable attorney's fees. (Declaration para 2, 5, 7)

Reserves & fees

By-Laws provide for reserve for deferred maintenance and replacement; however, until developer completes all units, Board may omit reserves. (By-Laws Art VI A, B (proviso))

Pets

Yes, up to two pets per dwelling; 'pet' means cat or dog; other pets require board approval. (Rules and Regulations (1996) as amended )

Leasing & rentals

Yes; tenant must execute addendum to lease agreeing to governing documents. (Rules and Regulations (1996) para 11)

Signs & flags

Only signs advertising sale or lease of units allowed; max size 3x3 feet; not to be displayed on common areas. (Rules and Regulations (1996) para 8)

Voting & meetings

One vote per unit owned; if multiple owners, they determine how to cast the vote; no cumulative voting. (Articles VI, By-Laws Art II E)

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