Montecito Townhomes

Key facts from Montecito Townhomes's documents

Community type

Not a condominium within Chapter 718 Florida Statutes; intended as a neighborhood of the Montecito planned development (Recitals, OR BK 5769 PG 5651)

Legal name

Montecito Townhomes of Brevard Homeowners Association, Inc. (Section 1.6, OR BK 5769 PG 5652)

Developer / declarant

Towns of Montecito Community Developers, LLC, a Florida limited liability company, address 6905 North Wickham Road, Suite 501, Melbourne, Florida 32940 (Opening paragraph, OR BK 5769 PG 5651)

Governing law

Not a condominium under Chapter 718 of the Florida Statutes; references Chapter 190 (CDD), Chapter 373 (Water Management District) (Recitals, OR BK 5769 PG 5651; Section 1.)

Special assessments

Levied if approved by a majority of Members Eligible To Vote present at a duly called meeting; but Board may levy under Section 18.6 without member vote. (Section 6.4(b), OR BK 5769 PG 5673)

Collections & liens

Delinquent assessments are a continuing lien on the Lot, prior to all except taxes and first mortgages; may be foreclosed like a mortgage. Personal obligation also exists. (Section 6.1(b) and (c), OR BK 5769 PG 56)

Reserves & fees

Board shall approve a capital budget and set required annual capital contribution; may fund reserves for future Common Expense. (Section 6.3(b), (c); OR BK 5769 PG 5671-)

Voting & meetings

Two classes: Class A (each Owner has one vote per Lot); Class B (Declarant has five votes per Lot owned until conversion). Only one Member Eligible To Vote per Lot. (Section 4.3, OR BK 5769 PG 5662-5663)

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