Fairway Oaks Condominium Association, Inc.

Key facts from Fairway Oaks Condominium Association, Inc.'s documents

Community type

Homeowners Association (HOA) for a subdivision; also includes a condominium association (Fairway Oaks Condominium Association, Inc.) (Article I Section 1 defines Association )

Units / lots

Not enumerated; subdivision includes Units One-A through Seven and an Exxon parcel; no total count given (Exhibit A lists multiple platted units)

Governing law

Not explicitly stated; references to Florida law (e.g., Section 718.112, Florida Statutes in Bylaws amendment) (Certificate of Amendment to Bylaws, Arti)

Assessments & dues

Initial maximum general assessment of $84.00 per lot per year (Article IV Section 4.A)

Special assessments

May be levied for capital improvements; requires assent of at least two-thirds of each class of members voting in person or by proxy (Article IV Section 3)

Collections & liens

Assessments become a continuing lien on the lot and personal obligation of owner; lien may be foreclosed; also Master Association has lien rights (Article IV Section 1; Article XIV Sectio)

Reserves & fees

No reserves for replacement; may be established by proper vote (Article IV Section 2, item 7)

Pets

Yes, dogs, cats, other customarily kept house pets subject to Association rules (Article VI.F)

Leasing & rentals

Yes (per R&R); not addressed in Declaration for subdivision? (Declaration does not restrict leasing; only condominium rules apply) (R&R Section 5)

Parking & vehicles

Not allowed to extend into street; R&R: no overnight recreational vehicles on streets (Article X end; R&R Section 15.4)

Home business

No business of any kind in subdivision residence; However, in condominium R&R, home office for phone, tablet, printer allowed (Article VI.B; R&R Section 7)

Signs & flags

No sign without prior written consent except customary name/address signs and lawn signs not over 6 sq ft advertising sale/rent; In R&R, no signs without consent, including within unit if visible from outside (Article VI.D; R&R Section 9)

Use restrictions

Each subdivision unit used as residence for single family; no care facility for compensation (Article VI.A)

Voting & meetings

Two classes: Class A (owners, one vote per lot; commercial lots: one vote per 2,000 sq ft of gross rentable area), Class B (Developer and Fairway, three votes per lot until conversion) (Article III Sections 2,3)

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