Spencer Springs Cove

Key facts from Spencer Springs Cove's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Horizontal Property Regime (Master Deed of the Spencer Springs Horiz)

Legal name

Spencer Springs Property Owners Association, Inc.

Assessments & dues

Determined by voting members at annual meeting (Definitions: Dues)

Special assessments

Money collected for special projects or emergency needs not contained in the budget (Definitions: Assessment)

Collections & liens

Board reserves right to seek relief in courts for any unpaid Assessments or legal fees (Enforcement section 44)

Reserves & fees

$5.00 per day late charge on any balance (Collection Procedures section 85)

Pets

Yes, up to 4 pets per residence (Pets section 69)

Leasing & rentals

Yes, short term basis via Airbnb, VRBO etc. allowed with appropriate taxing (Leases and Virtual Business section 48)

Parking & vehicles

Trailers, boats, water toys, vehicles not used for daily transportation (motorhomes, campers) should be stored off site (Parking section 64)

Architectural approval

Written authorization from Board of Directors required for exterior changes exceeding $5000; permanent changes to common areas require Board of Administration approval; alterations to boat docks require prior written authorization from Boar (Alterations sections 1-2; Boat Docks sec)

Home business

Virtual or commercial business may be operated if approved in writing by Board; violations may result in termination and assessment (AL AND BUSINESS OPERATION sections 29-30)

Signs & flags

Limited to US or holiday celebrations; no political flags (Decks and/or Patios section 36)

Maintenance

Maintenance of common areas (including boat dock and trailway) is sole responsibility of POA; owner responsible for damage from violations (Common Areas section 20; Enforcement sec)

Use restrictions

Not explicitly stated; commercial business allowed only if approved in writing (Commercial Business Operation section 29)

Voting & meetings

Voting members at annual meeting determine dues; majority of Members approved adoption (Dues definition; Certificate of Adoption)

Amenities

Lake Catherine access for fishing, swimming, kayaking; boat docks; trailway; motion lighting; owners may set up security systems at no cost to POA (Boat Docks sections 4, 17)

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