Placid Lake Townhomes Property Owners Association, Inc.

Key facts from Placid Lake Townhomes Property Owners Association, Inc.'s documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Placid Lake Townhomes Property Owners Association, Inc. (Recitals, paragraph C; Article I, Sectio)

Units / lots

126 single-family attached townhomes (Recitals, paragraph D: 'one hundred twen)

Developer / declarant

Placid Lake Townhomes, LLC, a Florida limited liability company (Recitals, page 1 of 2002 Declaration)

Governing law

Florida Statutes (implied) (References to Chapter 40, Florida Admini)

Assessments & dues

Assessments are fixed and collected as provided in Declaration; specific amounts not stated. Association can make specific assessments for maintenance of common property and for owner defaults. (Article IV, Section 2(c); Article V refe)

Special assessments

Association may make specific assessments for maintenance, repairs, or defaults. Procedure: after notice and hearing, Board by 2/3 vote may assess costs. (Article IV, Section 2(c): 'Board of Dire)

Collections & liens

Unpaid assessments become a continuing lien on the Tract (Lot). Personal obligation remains. Foreclosure allowed. Lien subordinate to first mortgages of institutional lenders. (1990 Declaration, Sections 5.6 and 5.8; )

Pets

Yes. Maximum of one dog under 20 lbs, maximum of two cats, and other customary household pets. No commercial breeding. First Owner may keep any domesticated dog owned at purchase, but replacement dogs must be under 20 lbs. (Article I, Section 10 (2002 Declaration))

Leasing & rentals

Not explicitly addressed in 2002 Declaration except reference to 'tenant or contract purchaser' in delegation of use (Article II, Section 2). Minimum lease term or rental cap not mentioned. Short-term rentals not prohibited but may be regul (Article II, Section 2 (2002 Declaration))

Home business

Not explicitly addressed, but commercial vehicles prohibited and residential use only suggests no home business that would violate nuisance or commercial restrictions. (Article I, Section 9(b) (land use and bu)

Signs & flags

Not specifically mentioned; signs restriction may apply to flags. (Article I, Section 12(d))

Use restrictions

Residential use only. No building other than one single-family townhome per lot. No temporary structures, storage sheds, basketball goals, etc. No commercial vehicles, boats, trailers allowed except temporary parking for services. No noxiou (Article I, Section 9(a)-(f) (2002 Declar)

Voting & meetings

Class A: one vote per Lot (if multiple owners, one vote per Lot determined among them). Class B (Developer): five votes per Lot owned until end of Class B Control Period, then one vote per Lot. Class B appoints majority of Board during Cont (Article III, Section 2(a) and (b); Secti)

Amendments

Declarant reserves right to amend without joinder of other Owners, provided it does not materially increase liabilities of existing Owners without their consent. (1990 Declaration, Section 7.7). 2002 Declaration does not specify amendment p (1990 Declaration, Article VII, Section 7)

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