Boat House Coral Lagoon Master Property Owners Ass

Key facts from Boat House Coral Lagoon Master Property Owners Ass's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master Property Owners Association (Mixed-Use Development with residential, marina, commercial parcels) (Article I)

Units / lots

25 residential dwelling units in Village Parcel; 200 dry storage spaces in Dry Slip; approximately 65 wet slips in Wet Slip; plus commercial parcels (Article I, Article V.A)

Developer / declarant

Boat House Associates, Inc., a Florida corporation (Preamble; Article II P)

Governing law

Florida Condominium Act (Chapter 718) and Florida Homeowners Act (Chapter 720) (Article II definitions (N and U))

Assessments & dues

Not fixed; determined by Board based on annual budget, levied in proportion to Common Interest percentages. (Article VII.E.1)

Special assessments

Board may levy special assessments subject to majority vote of Association membership at a duly called meeting with quorum (Article VII E.2)

Collections & liens

Assessments constitute a lien; lien effective upon recording notice; foreclosure action permitted after 30 days written notice to owner; attorneys fees and costs recoverable (Article VII E.6)

Reserves & fees

Annual budget includes reserves for capital expenditures and deferred maintenance; can be waived/reduced by majority vote. General operating reserve capped at 10% of annual assessment; stop when operating reserve reaches 30% of assessment. (Article VII.G)

Leasing & rentals

Each Parcel may be leased in whole or in part without Association consent (Article V L)

Parking & vehicles

108 total spaces; 25 assigned to Village Parcel as Limited Common; no overnight parking except for business; no RVs, boats, trailers, mobile homes, campers; no repair except emergency; unauthorized parking subject to tow. (Article V.M and V.N)

Architectural approval

Yes, for exterior changes (structures, landscaping, paint, etc.) prior approval from Architectural Control Committee; also requires applicable association approval. (Article VII.K.2.a)

Maintenance

Parcel Owner responsible for maintenance, repair, replacement of its Parcel. Association responsible for Common Properties and Limited Common Properties. (Article VII.J.1 and J.2)

Use restrictions

Properties used for commercial and residential purposes; Village Parcel for 25 transient units; Dry Slip for boat storage; Marina Commercial for marina store, fueling; Wet Slip for wet slips (Article V A)

Amendments

Some provisions require unanimous consent of all Parcel Owners (e.g., change of undivided interest, alteration provision, Village Parcel subdivision). General amendment procedure not fully stated. (Article IV.C, Article V.D, Article V.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.