The Reserve at Legacy Park

Key facts from The Reserve at Legacy Park's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Section 1.3 (Homeowners Association))

Legal name

The Reserve at Legacy Park Homeowners Association, Inc. (Section 1.3)

Units / lots

120 (anticipated) (Page 6: 'anticipated to have one hundred)

Governing law

Chapter 720, Florida Statutes (2016) (Section 1 (definition intent) and Sectio)

Special assessments

Permitted for expenditures not provided for by annual assessments (Section 4.1(B))

Collections & liens

Unpaid assessments, interest, late fees, costs, attorney's fees become a continuing lien on the Parcel; may be foreclosed by action in name of Association (Section 4.4; Section 4.6(C))

Reserves & fees

Greater of $25.00 or 5% of each assessment installment paid past due date (Section 4.6(A))

Use restrictions

Units are restricted to use and occupancy as Single Family Residence (Section 1.22; Section 9.1 (title))

Amendments

Proposed amendments require vote; Developer reserves right to amend to remove property; limitations on amendments (Section 14 (titles); Section 14.2-14.6)

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