Falcon Trace Homeowners Association, Inc.

Key facts from Falcon Trace Homeowners Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Homeowners Association) (Recitals, Article I Section 7 (Associati)

Units / lots

approximately 587 (Article I Section 21: Falcon Trace ... p)

Developer / declarant

Indian River Associates II, LLLP, a Florida limited liability limited partnership (First paragraph of Declaration)

Governing law

Florida Statutes (reference to Section 704.06 for Conservation Easement) (Article I Section 15)

Assessments & dues

based on Operating Expenses, allocated among Lots; Guaranteed Assessment during Guarantee Period (Article VII Section 1 (Determining Amoun)

Special assessments

permitted (Special Assessments defined in Article VII Section 3) (Article I Section 6, Article VII Section)

Collections & liens

Association may establish liens and collect assessments (Article VI Sections 1-5) (Article VI Section 1 (Covenant to Pay As)

Reserves & fees

not explicitly stated; but 'Legal Fees' defined includes collection costs (Article I Section 32 (Legal Fees))

Pets

yes (Article X Section 8: Animals and Pets) (Table of Contents reference and Article )

Leasing & rentals

not explicitly addressed in excerpts; tenancy is referenced (guests, tenants) but no lease restrictions stated (Various references to tenants (e.g., Art)

Parking & vehicles

not explicitly addressed

Architectural approval

yes (Architectural Control Committee reviews proposed construction) (Article I Section 4 (Architectural Contr)

Home business

not explicitly addressed in excerpts

Signs & flags

regulated (Article X Section 14: Signs - index reference) (Table of Contents reference to Section 1)

Insurance

Association to maintain casualty insurance and public liability insurance (Article XI Sections 1 (Casualty Insuranc)

Use restrictions

yes (Homes are single-family residences) (Article I Section 23 (Home defined as re)

Voting & meetings

Owners are Members; each Owner has voting rights (details in Article V) (Article I Section 34 (Members means Owne)

Amendments

by Supplemental Declarations and Amendments; may require Owner vote (two-thirds for certain actions) (Article IV Section 1.E, Article XII Section 9) (Article I Section 3 (Amendments); Articl)

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