Magnolia Court at Waterway Village Homeowners Association, Inc.

Key facts from Magnolia Court at Waterway Village Homeowners Association, Inc.'s documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Section 1.3 defines Association as a hom)

Units / lots

up to 93 (Introductory paragraph: 'consisting of u)

Governing law

Florida Statutes Chapter 720 (2018) (Section 1: 'the definitions set forth in)

Assessments & dues

Based on annual budget adopted by Association; assessments are pro rata share (Section 4.1(A), 4.2)

Special assessments

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

Collections & liens

Yes, lien on Parcel for unpaid assessments; subordinate to first mortgages and certain taxes; can foreclose via action (Sections 4.4, 4.5, 4.6(C))

Reserves & fees

Yes, Resale Assessment payable by transferee upon conveyance subsequent to initial sale; amount determined by Developer pre-Turnover, by Board post-Turnover; annual increase capped at 10% (Section 4.9)

Pets

Yes (Section 9.6 Pets and Animals) (Section 9.6)

Leasing & rentals

Yes, but subject to procedures and restrictions (Section 12) (Section 12.4 Leasing)

Fences

Subject to ARC approval (Section 5.1); Section 9.15 addresses Walls, Fences, Window Coverings and Hurricane Shutters (Sections 5.1, 9.15)

Architectural approval

Yes, prior written approval of Architectural Reviewer for any alterations or additions to Parcel or changes to exterior appearance (Section 5.1)

Signs & flags

Subject to regulation; no use of 'Waterway Village', 'DiVosta', 'Magnolia Court at Waterway Village' without prior written consent of Developer (Section 2.2); Section 9.2 addresses signs (Sections 2.2, 9.2)

Maintenance

Association: Common Area, Stormwater Management System, lawns/landscaping on Parcels (as originally installed), boundary fences between back-to-back Parcels, perimeter walls, sidewalks except those in front of Parcels (Section 7.1). Owner: (Sections 7.1, 7.2, 7.5)

Use restrictions

Yes (Section 9.1: 'Residential Purposes' - al)

Voting & meetings

Class A Members: one vote per Parcel; Class B (Developer): number of votes equal to total owned by Class A plus one (pre-Turnover), then one per owned Parcel post-Turnover (Section 3.5)

Amendments

Proposed by Board, requires vote of Members (Section 14.2-14.3). Declaration may be amended by recorded instrument. Limitations apply (Section 14.5). Developer can amend to remove property (introductory paragraph) and has specific amendment (Sections 14.2-14.6)

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