Terraces at 87th Townhomes Homeowners Association, Inc.

Key facts from Terraces at 87th Townhomes Homeowners Association, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (not a condominium association) (Preamble: 'which Association is not inte)

Legal name

TERRACES AT 87TH TOWNHOMES HOMEOWNERS’ ASSOCIATION, INC. (Article I Section 3)

Units / lots

Maximum of 92 Dwellings or residential units (Article I Section 36)

Governing law

Florida Statutes (Chapter 718 and 720 referenced; the association is not a condominium association under Chapter 718; Chapter 720 is implied for HOAs) (Preamble and Article VI Section 2(d))

Age restriction

Not present.

Assessments & dues

Initial amount to be set by Board; not specified in declaration (Article VIII Section 4(a))

Special assessments

Allowed for capital improvements with assent of 2/3 votes of each class of members voting in person or by proxy at a meeting. (Article VIII Section 5)

Collections & liens

All assessments secured by a continuing lien on the Lot. Association may foreclose lien after 45 days notice of intent to foreclose, or bring action at law. (Article VIII Sections 10, 11, 12)

Reserves & fees

Not specifically required in declaration; Declarant not responsible for reserve for replacements in deficiency calculation. (Article VIII Section 7 (Declarant not re)

Pets

Not restricted in declaration.

Leasing & rentals

Implied: owner may delegate right of enjoyment to Common Area to tenants. No explicit prohibition on leasing. (Article V Section 2)

Fences

Association has easement for maintenance of fences. Owner responsibility for fencing originally installed by Declarant. No specific height or material restrictions in declaration. (Article III Section 3 and Article VII Se)

Architectural approval

Architectural Control Committee (ACC) exists to perform duties. Specific approval required for construction; no detailed process in declaration (refers to duties set forth herein). (Article I Section 1)

Home business

Not explicitly prohibited in declaration; subject to rules.

Signs & flags

Declarant reserves right to install signs for marketing. No restriction on Owner signs in declaration. (Article III Section 5 (Declarant's marke)

Maintenance

Owner responsible for roof (including Rooftop Amenities and Canopies and solar panels). (Article VII Section 8(a))

Insurance

Association shall procure public liability insurance, fire, windstorm, hazard, and where appropriate flood insurance on buildings and structures owned by Association. Also fidelity bonds. (Article VII Section 4)

Use restrictions

Implied: exclusive residential community; Townhomes are single-family residential. (Preamble and Article I Section 16)

Voting & meetings

Two classes: Class A (each Owner of a Lot - one vote per Lot); Class B (Declarant - three votes per Class B Lot owned until termination of Class B) (Article VI Section 2)

Amendments

Amendment to add Phases requires recording an amendment with deed formalities (Article I Section 34). Amendment to add Common Areas by Declarant requires recording with deed formalities (Article I Section 9(ix)). Amendment affecting SWMSF r (Article I Section 34, Article I Section )

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