Macgregor Pines Homeowners Associat

Key facts from Macgregor Pines Homeowners Associat's documents

Community type

Covenant / Planned Community

Legal name

MacGregor Pines Homeowners Association, Inc.

Developer / declarant

U.S. HOME CORPORATION, SARASOTA/MANATEE DIVISION

Governing law

Florida Statutes Chapter 617 (for nonprofit corporations) and Chapter 718 (condominium act referenced for foreclosure) (Sections 3.3, 4.7(C))

Assessments & dues

Based on annual budget adopted by Board; each lot gets equal share (numerator 1, denominator total lots) for annual and special assessments (Section 4.1, 4.3)

Special assessments

Allowed; total special assessments in a fiscal year cannot exceed 15% of total annual budget (including reserves) unless majority of voting interests consent (Bylaws Section 6.6 (page 39?) Actually f)

Collections & liens

Association has lien for unpaid assessments; can foreclose like condominium liens under Section 718.116; lien is subordinate to recorded institutional mortgages but superior to others; personal obligation of owner (Sections 4.5, 4.6, 4.7(C))

Reserves & fees

Not required but mentioned in context of special assessment cap (includes reserves) (Bylaws Section 6.6)

Pets

Reasonable number (undefined) (Section 9.14)

Leasing & rentals

Not prohibited; but lease must be written and copy provided 3 days before term; no subleasing; tenant must abide by rules (Section 9.3)

Parking & vehicles

Prohibited on roads and streets adjacent to lots (Section 9.15)

Home business

Prohibited except incidental home office activities (personal library, records, phone calls) (Section 9.1)

Signs & flags

Subject to Master Declaration and Community Association control; Board may remove unauthorized signs; does not apply to Declarant's sales signs (Section 9.6)

Voting & meetings

One vote per Lot; total votes equal number of Lots; vote of a lot not divisible; voting rights cannot be suspended (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.