Fairwinds Cove of Hutchinson Island HOA

Key facts from Fairwinds Cove of Hutchinson Island HOA's documents

Community type

Condominium (Paragraph 1: 'THIS CONDOMINIUM IS CREATE)

Developer / declarant

Fairwinds Associates, Inc., a Florida corporation (Prospectus, General Information)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I, Purpose, Declaration of Condo)

Age restriction

Developer agrees to maintain an adult community (not strictly 55+) (Exhibit B Agreement paragraph 4: 'Fairwi)

Assessments & dues

$973.56 per unit per year ($81.13 per month), total $77,880 annually for 80 units (Exhibit A Estimated Operating Budget sum)

Collections & liens

Association has a lien for unpaid assessments plus reasonable attorneys' fees; in foreclosure, owner must pay reasonable rental and receiver may be appointed (Declaration 6.3: 'lien for unpaid assess)

Reserves & fees

$6.25 per unit per month listed in budget but noted as not computed in totals (capital contribution from settlement is $200/unit) (Exhibit A: 'VII. Reserve $6.25*' and foo)

Pets

Only household pets permitted (Prospectus, Item 7)

Leasing & rentals

Yes, but owner must obtain approval of proposed lessee and lease terms from Association (Paragraph 4: 'All apartment owners who p)

Architectural approval

Alterations, additions, exterior changes require prior written consent of Association (Declaration 5.1b(4): 'Not to make or cau)

Insurance

Association purchases casualty insurance on buildings and improvements (fire, extended coverage) in amount equal to the maximum? (text cut off) (Declaration 8.2a: 'All building and impr)

Voting & meetings

One vote per apartment (Voting Member designated by owners of that apartment) (Declaration 7.5: 'There shall be one per)

Amenities

Clubhouse, swimming pool (46x35 ft), two shuffleboard courts, card room, equipped kitchen, exercise rooms, sauna baths, deck area, proposed tennis courts (two lighted), proposed pier and boat slips (Paragraph 3: detailed description of rec)

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