The Preserve at Waterway Village Homeowners Association, Inc.

Key facts from The Preserve at Waterway Village Homeowners Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (PUD) with Homeowners Association (Introductory paragraph: 'planned unit de)

Units / lots

up to 263 residential dwellings (Introductory paragraph: 'up to 263 resid)

Governing law

Chapter 720, Florida Statutes (2020) (Section 1)

Special assessments

Allowed for expenditures not provided for by annual assessments; requires vote per Bylaws (Section 4.1(B), Section 4.8 (Neighborhoo)

Collections & liens

Association has a continuing lien for unpaid Assessments and charges; may foreclose by action in equity (Section 4.4, 4.6(C))

Reserves & fees

Greater of $25.00 or 5% of each delinquent installment (Section 4.6(A))

Leasing & rentals

Yes, subject to procedures in Section 12 and approval by Association; Lease defined to include Airbnb, house swap, etc. (Section 1.12, Section 12.4 (title), Sect)

Architectural approval

Yes, for any alterations or additions to Parcel including landscaping, exterior changes; must obtain written approval from Architectural Reviewer (Section 5.1)

Voting & meetings

Class A (Owners): one vote per Parcel. Class B (Developer): prior to Turnover, votes equal to total Class A Parcels plus one; after Turnover, one vote per Parcel owned. Joint owners: vote by any one record Owner; if disagreement, vote not c (Section 3.5)

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