The Cove at Waterway Village Homeowners Association, Inc.

Key facts from The Cove at Waterway Village Homeowners Association, Inc.'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.3 (Association definition))

Units / lots

80 (eighty) residential dwellings (Preamble, page 6; also Section 1.25)

Governing law

Chapter 720, Florida Statutes (2013) (Section 1)

Assessments & dues

Not explicitly stated; set by annual budget of Association (Section 4.1(A))

Special assessments

Allowed for expenditures not provided by annual assessments (Section 4.1(B))

Collections & liens

Unpaid assessments are a continuing lien on the Parcel; Association may foreclose in equity; lien is subordinate to institutional mortgages unless recorded prior (Section 4.4, 4.5, 4.6(C))

Reserves & fees

Resale Capital Assessment: amount determined by Board, due upon conveyance (except exempt conveyances); annual increase limited to 10% (Section 4.9)

Pets

Section 9.6 addresses pets and animals; text not provided (Section 9.6 (table of contents))

Leasing & rentals

Yes; Section 12 covers leasing and conveyance; Owner may grant temporary right to occupy for valuable consideration (Lease defined) (Section 1.14, Section 12)

Parking & vehicles

Section 9.7 addresses parking and vehicular restrictions; text not provided (Section 9.7 (table of contents))

Fences

Section 9.15 addresses walls, fences, window coverings, hurricane shutters; text not provided (Section 9.15 (table of contents))

Architectural approval

Yes, for any exterior alteration or addition (including landscaping) except for Developer and Builders (Section 5.1)

Signs & flags

Section 9.17 addresses signs; not provided (Section 9.17 (table of contents))

Maintenance

Not explicitly stated; not listed as Association responsibility, thus Owner (Section 7.1, 7.2 (inference))

Use restrictions

Yes, Units are restricted to Single Family Residence occupancy (Section 9.1 (Residential Purposes) and S)

Voting & meetings

Class A Members (all Owners except Developer): one vote per Parcel. Class B Member (Developer): prior to Turnover, number of votes equal to total Class A Parcels plus one; after Turnover, one vote per Parcel owned. (Section 3.5)

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