Keyway Place Homeowners Association

Key facts from Keyway Place Homeowners Association's documents

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

Community type

Homeowners Association, not a condominium association; governed by Chapter 617, Florida Statutes and the Act (Chapter 720, Florida Statutes) (Article I, 1.5 (2020 amendment): "Associ)

Units / lots

Approximately seventy (70) single-family lots (Art. II, 2.2 (2020 amendment): "approxim)

Developer / declarant

Unnamed but referred to as "Declarant"; Developer entity with special rights (Throughout amendments (e.g., Art. II, 2.)

Assessments & dues

Initial General Lot Assessment no more than $3,000.00 per Lot per year (payable quarterly up to $750.00), until changed by Board (Bylaws Art. VI, Section 5(a) (2018/2019 )

Special assessments

Special Lot Assessments and Specific Lot Assessments allowed for expenses not contemplated in operating budget (Art. VIII, 8.2.5 (2020 amendment): "shal)

Pets

Yes, but limited to three (3) pets per Lot; waivers possible for initial purchasers; Board may adopt rules on weight, number, breed (Art. III, 3.12.1.11.4 and .5 (2020 amend)

Leasing & rentals

Leasing of a Home is permitted and not considered a trade or business (Art. III, 3.12.2 (2020 amendment): "the )

Fences

Fences, walls, hedges allowed only with ARC approval; ARC determines materials, height, appearance; landscape screen may be required; Declarant sets initial standards; Board may modify standards. (Art. III, 3.12.1.26 and 3.12.1.27 (2020 )

Architectural approval

Yes, for exterior alterations, fences, walls, hedges, mailboxes, and any improvement (e.g., front porch enclosure, screen doors, pools, fences) (Art. III, 3.12.2.10, 3.12.2.11; Art. IV )

Home business

Allowed if not apparent from outside, conforms to governmental requirements, no visitors, consistent with residential character (Art. III, 3.12.2 (2020 amendment): "Lot )

Signs & flags

Declarant exempt and may erect signs; general sign restrictions per Section 3.12.1.5 (not fully excerpted) but Declarant may do as needed (Art. III, 3.12.1.5.4 (2020 amendment): ")

Setbacks / home size

Minimum 1,200 square feet of air conditioned living area (excluding garage) (Art. III, 3.12.2.7 (2020 amendment): "mi)

Use restrictions

Community is for single-family residences (Art. II, 2.2 (2020 amendment): "resident)

Voting & meetings

Two classes: Class A (Lot Owners except Declarant) – one vote per Lot; Class B (Declarant) – three votes per Lot prior to termination (Bylaws Art. III, Section 9; Declaration )

Amendments

Declarant may amend unilaterally until 90% Lots conveyed; thereafter amendment requires affirmative vote of not less than two-thirds (2/3) of a majority of total voting interests. Also Special Amendment by Declarant to comply with agencies, (Art. XVI, 16.2 and 16.3 (2020 amendment))

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