Aqua One

Key facts from Aqua One's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Aqua One Homeowners Association, Inc., a Florida not-for-profit corporation (Original Declaration Section 1.05; Joind)

Developer / declarant

Aqua One Developer, Inc., a Florida corporation, address: 1651 Whitfield Avenue, Suite 200, Sarasota, FL 34243 (Page 1 (Amendment), Page 1 of 96 (Origin)

Governing law

Chapter 720, Florida Statutes (for effective date and possibly other matters) (Amendment Section 3 (Effective Date))

Special assessments

Allowed for various purposes (supplement, compliance, improvements, services, fines). After Turnover, Special Assessments for improvements require 60% vote of Regular Members. Prior to Turnover, require Declarant approval. (Original Declaration Section 5.05)

Collections & liens

Assessments and Delinquency Charges are a continuing lien on the Lot and personal obligation of Owner. Association may record Notice of Lien and foreclose after 30-day notice. 'Notice of Intent to Record a Claim of Lien' must be recorded an (Original Declaration Sections 5.01, 5.15)

Reserves & fees

Board may establish reserve accounts from Regular Assessments. Reserves may be used temporarily for cash flow. After Turnover, use of reserves for other than designated purpose requires 60% vote of Owners. (Original Declaration Section 5.10)

Architectural approval

ARC (Architectural Review Committee) approval required for improvements or alterations. No Owner of Townhome Unit may make alterations to building exterior or Common Property without written consent of Board and ARC. (Original Declaration Sections 1.01, 1.02)

Use restrictions

Lots shall be developed and used solely for residential use. No business, commercial, religious, charitable or other enterprise allowed. (Original Declaration Section 2.03)

Voting & meetings

Regular Members: one vote per Lot. Declarant Members: three times the total votes held by Regular Members plus one additional vote, until Turnover Date. After Turnover, Declarant Members who own Lots are Regular Members. (Original Declaration Sections 3.02, 3.03)

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