A continuación, lee los estatutos.

A continuación is a fixed expression meaning next, then, or below / in what follows, depending on context.

In instructions, it often introduces the next step:

• A continuación, lee los estatutos. = Next, read the bylaws.

It is very common in formal or instructional Spanish, especially in textbooks, forms, websites, and official documents.

It is three separate words:

• a = a preposition
• continuación = a noun

Together, they form the fixed expression a continuación.

You should learn it as a chunk, because its meaning is not always obvious if you translate each word separately.

The comma is used because A continuación works as an introductory expression at the start of the sentence.

So:

• A continuación, lee los estatutos.

This is similar to English punctuation in phrases like:

• Next, read the bylaws.
• After that, continue to the next section.

You may sometimes see short introductory expressions without a comma in less careful writing, but here the comma is standard and natural.

Yes. Lee can mean two different things depending on context:

1. he/she/it reads
2. the tú command of leer = read

In this sentence, it is clearly a command:

• Lee los estatutos. = Read the bylaws.

Spanish often has forms that are identical in different uses, so context tells you which meaning is intended.

Because this sentence is using the informal singular command for tú.

For leer, the command forms are:

• tú: lee
• usted: lea
• vosotros: leed
• ustedes: lean

So:

• Lee los estatutos. = speaking to one person informally
• Lea los estatutos. = speaking to one person formally

In Spain, the choice between lee and lea depends on how formal the situation is.

The subject is an implied tú.

Spanish often leaves subject pronouns out because the verb form already tells you who the subject is. In commands, this is especially normal.

So:

• Lee los estatutos. does not usually need:
• Tú lee los estatutos.

Adding tú would usually only be for emphasis, contrast, or clarity.

Spanish normally uses the definite article more often than English does.

Here, los estatutos means the bylaws / the statutes / the regulations, referring to a specific set of statutes already understood from the context.

Without the article, estatutos would sound less natural in most cases here.

Estatutos often means bylaws, articles of association, or statutes, especially in legal, institutional, or organizational contexts.

In Spain, it commonly refers to the governing rules of:

• an association
• a company
• an organization
• an institution

So although statutes is a possible translation, in many real contexts bylaws or articles of association may sound more natural in English.

It is a mix of:

• a fairly formal/instructional expression: A continuación
• an informal singular command: lee

So it sounds like something you might see in:

• teaching materials
• guided instructions
• online tasks aimed at one user
• administrative instructions written in a neutral but direct style

If it were more formally addressed to one person, it would likely be:

• A continuación, lea los estatutos.

Because lee follows normal stress rules and does not need a written accent.

It is pronounced with two vowel sounds: le-e.

This comes from the verb leer. Other forms are similar:

• leo
• lees
• lee
• leemos
• leen

Even though there are two es together, no accent mark is needed in lee.

Yes, that is grammatically possible, but it changes the feel slightly.

• A continuación, lee los estatutos.
  = Next, read the bylaws.
  This emphasizes the sequence of steps.

• Lee los estatutos a continuación.
  This can sound more like Read the bylaws below / in the following section, depending on context.

So placing a continuación at the start is especially common when giving instructions in order.

Not very often in casual speech. A continuación sounds more typical of:

• written instructions
• presentations
• announcements
• formal or semi-formal guidance

In everyday spoken Spanish, people might more naturally say:

• Ahora lee los estatutos.
• Después, lee los estatutos.
• Luego, lee los estatutos.

So the original sentence is very natural, but more in an instructional or formal setting than in relaxed conversation.