Villas I at Sarasota National Homeowners Association, Inc.

Key facts from Villas I at Sarasota National 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 (not condominium) (Section 1.6 defines Association as 'Vill)

Units / lots

66 (40 initial Lots 2160-2199 from Phase 12-A, plus 26 additional Lots 2210-2235 from Phase 13-A) (Exhibit A to Declaration as amended, and)

Developer / declarant

WCI Communities, LLC, a Delaware limited liability company (Section 1.17)

Governing law

Chapter 720, Florida Statutes (Section 1.3)

Assessments & dues

By the Association based on budget; Assessments are defined in Article 8 (not fully excerpted) (Section 1.5, Article 8)

Special assessments

Allowed; for example, for taxes on Common Property (Section 6.1.3) and for curing violations (Section 4.5.2) (Sections 6.1.3, 4.5.2)

Collections & liens

Unpaid assessments become a lien on the Lot; Specific Assessments are also lienable (Sections 4.5.2, 4.5.3 (implied by Articl)

Leasing & rentals

Yes, subject to Master Declaration Article XIV Section 23 and additional requirements (notification, lease copy, no delinquency). (Section 3.3.1(b))

Architectural approval

Yes, ARC approval required for improvements, drainage modifications, etc. (Sections 1.1, 3.2.10)

Maintenance

Association maintains Common Property and certain easements; Homeowner maintains Lot and improvements on Lot. (Sections 6.1.3, 3.2.13)

Insurance

Association shall obtain hazard insurance on Common Properties (100% replacement cost), comprehensive general liability insurance ($1,000,000 per occurrence minimum), flood insurance if required, and fidelity bond. (Section 6.1.3(b))

Use restrictions

Yes, Property shall be used only for residential and related purposes. (Section 4.1.1)

Voting & meetings

Two classes: Class A (all Homeowners except Declarant) and Class B (Declarant). Class B elects majority of directors until Transfer of Control. Each Lot has one vote. (Section 5.2)

Amendments

Declarant may amend without approval of others before 90% of Lots conveyed (Section 15.2.1). Article 4 amendments require Declarant consent while Declarant owns any portion. Section 4.8 requires Declarant consent for fence amendment. (Sections 15.2.1, 4.9, 4.8)

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