Loewy Landing Homeowners Association Inc.

Key facts from Loewy Landing Homeowners Association Inc.'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Section 2.7 defines Association as 'Loew)

Governing law

Florida Statute Chapter 720 (Recitals: 'limitations set forth in Flor)

Assessments & dues

Determined annually by Board based on budget; not fixed in declaration (Section 6.3: 'The annual assessment shal)

Special assessments

Allowed with majority membership vote at meeting with quorum; while Declarant owns 2+ parcels, requires Declarant's prior written approval (Section 6.2.B: 'Board shall have the aut)

Collections & liens

Unpaid assessments become a lien on the parcel; superior to all other liens except tax liens and first mortgage liens; enforcement remedies in Article 7 (Section 6.5: 'Assessment liens shall be )

Reserves & fees

Reserves for capital expenditures and deferred maintenance required unless waived by affirmative vote of half of voting interests; general operating reserve up to 10% of annual assessment, capped at 30% (Section 5.7.A: 'Each annual budget shall)

Leasing & rentals

Renting by Owner is strictly prohibited; Declarant reserves right to rent its own dwellings (Section 3.15: 'Renting by an Owner of th)

Architectural approval

Architectural Control Committee exists; Association has power to control architecture; details not specified in this declaration excerpt (Section 2.11 defines Committee; Section )

Maintenance

Association maintains Common Area, exterior painting, and crickets of roof; Owner responsible for interior and parcel upkeep; Association may perform exterior maintenance at owner's expense if owner fails (Section 5.10: 'The Association shall mai)

Insurance

Association shall maintain liability, fire, flood, windstorm insurance on Common Properties (Section 5.2.P: 'Maintain such policy or )

Voting & meetings

Each Parcel entitled to one vote; Declarant has special voting rights until turnover (Section 4.5: 'each Lot or Parcel shall b)

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