Landings Lot Owners Assn

Key facts from Landings Lot Owners Assn's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Shopping Center commercial lot owners association (not condominium) (Recitals and Section 1.2)

Units / lots

Initially 3 lots (Lots 1,2,3) plus Tract 1 and Phase II (to be subdivided), so total lots variable. (Section 1.15, Section 1.19, Section 1.30)

Developer / declarant

NAP Indian River II LLC, a Florida limited liability company (Section 1.8)

Governing law

Florida Statutes, Chapter 617 (non-profit corporation) (Recitals: 'formed pursuant to Chapter 61)

Assessments & dues

Not fixed; Regular Annual Assessments levied to cover Common Expenses as determined. (Section 1.22, Article VIII)

Special assessments

Allowed, as defined in Section 1.26, provided for in Article VIII (Section 8.3). (Section 1.26, Section 8.3)

Collections & liens

Unpaid Assessments, late fees, and certain other costs constitute a lien on the Lot, foreclosable as a lien under Article VIII. (Section 3.10, Section 4.2, Section 4.3, )

Reserves & fees

Late fee of $5,000 per month for failure to complete Improvements within 12 months (construction delay). (Section 4.2)

Leasing & rentals

Yes, Tenants are allowed. Each Tenant subject to same obligations as Owner including assessments and use restrictions. (Section 1.29)

Parking & vehicles

Not specifically restricted, but no tent sales or events without approval; parking areas for business operations. (Section 5.3)

Fences

Perimeter walls and fences may be part of Common Areas; no specific rule for individual fences. (Section 1.5(i)(g))

Architectural approval

Yes, Declarant (or later Association) must approve all Improvement Plans including architectural, signage, landscaping, etc. Approval in sole and commercially reasonable discretion. (Section 3.1, Section 5.5)

Signs & flags

Signage controlled by Declarant; no free-standing signs on Phase I Lots except approved locations; reader board signs and billboards prohibited (except fuel price signs). (Section 5.5(iv) and (v))

Setbacks / home size

Maximum 30 ft on Lot 1, 28 ft on Lots 2 and 3, and any Phase II lots subject to County Code maximum. (Section 5.5(ii))

Maintenance

Association responsible for Common Areas (including Tract 1, stormwater drainage, landscaping, lighting, signs, walls). Owners responsible for their Lots and improvements, including maintenance of their buildings and landscaping. (Article VII (Sections 7.1 and 7.2))

Insurance

Association shall maintain insurance for Common Areas (Section 12.1). (Section 12.1)

Voting & meetings

Each Owner (record owner of a Lot) is a Member; voting rights described in Section 16.2 (not fully excerpted) but each Lot owned by a person entitles a separate set of rights; multiple Lots by one Owner gives multiple votes. (Section 1.17, Section 16.1, Section 16.2)

Amendments

General procedure in Article XIII (Section 13.1); Declarant may amend without joinder in certain cases (Section 13.2); termination possible (Section 13.3). (Article XIII)

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