Magnolia Ridge Homeowners Assocation

Key facts from Magnolia Ridge Homeowners Assocation's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Section 2.1 (Homeowners' Association) an)

Legal name

Magnolia Ridge of Palm City Homeowners' Association, Inc. (Section 2.1)

Governing law

Chapter 720, Florida Statutes (Homeowners' Association Act) (Section 2.13, Section 3.10)

Special assessments

Board of Directors may levy special assessments for any purpose relating to permissible or required activities of the Association. (Section 6.2(b))

Reserves & fees

Annual assessments may fund reasonable reserves for deferred maintenance or non-recurring expenses of Common Area, including Surface Water or Stormwater Management System. Reserve funds must be separately accounted for. (Section 6.2(a))

Use restrictions

Each Residence is intended for use and occupancy as a residence for a Single Family (Section 2.20)

Voting & meetings

Each Member (Owner) is entitled to one vote per Unit 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.