Aloma Woods North Master Association, Inc.

Key facts from Aloma Woods North Master Association, Inc.'s documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

master association (master hoa) with sub-associations for single-family residential subdivisions (Preamble and Section 1.1, 4.1)

Legal name

Aloma Woods North Master Association

Units / lots

57 single family lots for Phase IV; additional phases may be added; total residential units relying on Entrance Road limited to 52 (but Phase IV alone has 57, potential inconsistency) (WHEREAS for Phase IV: '$7 single family )

Developer / declarant

CFG Real Estate Group, Inc.

Governing law

Chapter 617, Florida Statutes (nonprofit corporation) and § 61.138 Florida Statutes (enforcement) (Articles of Incorporation preamble; Sect)

Assessments & dues

Initial per lot or unit assessment not greater than $390 per annum (until first lots sold). (Section 7.1: 'initial per lot or unit as)

Special assessments

Board may establish special expenditures as from time to time required. (Section 7.2: 'The Board may further esta)

Collections & liens

Assessments are a charge on the land, evidenced by claim of lien recorded in Public Records. Lien subordinate to first mortgages recorded prior to lien, but superior to later conveyances, mortgages, and other liens. Also personal obligation (Section 5.3)

Reserves & fees

Optional: Board may establish reserve accounts for deferred maintenance and replacement (Bylaws 9.1(b),(c)). (Bylaws Section 9.1(b), (c))

Voting & meetings

Directors vote: each Sub-Association director has votes equal to number of residential units in that Sub-Association. Declarant's directors each cast twice the votes of the largest non-Declarant director's votes. Declarant weighted votes ce (Section 4.2(b))

Amendments

Declaration may be amended by instrument executed by majority of Board stating approval of at least two-thirds of Owners. However, while Declarant is entitled to appoint a director, (1) no amendment effective without Declarant's written joi (Section 8.4)

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