Silverleaf (FL)

Key facts from Silverleaf (FL)'s documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Section 1.5 - Association defined)

Legal name

Silverleaf Owners Association, Inc. (Section 1.5)

Units / lots

At least 114 (specific lot numbers referenced: 1-13 and 91-114; total not given) (Sections 1.11, 1.42)

Developer / declarant

KB HOME ORLANDO LLC, a Delaware limited liability company (Declarant definition, Section 1.14)

Governing law

Chapter 617 Florida Statutes (not-for-profit corporations) and implied homeowners' association statutes (Section 3.1)

Assessments & dues

Set by Board based on budget, equal per lot (Section 6.3)

Special assessments

Approved by majority of Members present at a meeting with quorum; except that Board alone may levy under Section 18.5 (emergency). Allocated equally per Lot. (Section 6.4.B)

Collections & liens

Unpaid assessments become a continuing lien on the Lot, prior except first mortgage and taxes. Foreclosure similar to mortgage. Association may bid at sale. (Section 6.1.B and 6.1.C)

Reserves & fees

Board may establish reserve accounts as part of Common Expense. (Section 6.4.E)

Voting & meetings

Two classes: Class A (each Owner one vote per lot) and Class B (Declarant 15 votes per lot owned). (Section 3.3)

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