Flagler Center Property Owners Association, Inc.

Key facts from Flagler Center Property Owners Association, Inc.'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Property Owners Association) (Article I,3: 'Flagler Center Property Ow)

Units / lots

3 (Lot 1, Lot 2, Lot 3) (Article I,20-22)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; assessments levied per Lot's share as per Exhibit H (Article IX,1.A and 2)

Special assessments

Requires affirmative vote or written consent of at least 51% of Members, except for casualty repairs to Common Areas which may be levied by Board (Article IX,3.A and 3.B)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose by action in equity like mortgage foreclosure (Article X,1-3)

Reserves & fees

Board may establish an adequate reserve fund for replacement and/or capital refurbishment of Common Areas (Article IX,2)

Leasing & rentals

No restriction on leasing of Lots or Units (Article V,18)

Voting & meetings

Each Owner entitled to number of votes as set forth in Exhibit H (Article IV,2)

Amendments

Before Transfer Date, Developer may amend unilaterally if no adverse effect on Lots not owned by Developer (or with affected Owner's consent); after Transfer Date not specified, but Article remains subject to Developer's written consent for (Article III,2 and Article XII,4)

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