Stevens Place Subd

Key facts from Stevens Place Subd's documents

Community type

commercial (Section 8.4)

Legal name

Stevens Place Owners Association, Inc.

Developer / declarant

Jana E. Goodwin, James S. Stevens, Jr., and Robert C. Stevens as Trustees of Stevens Land Trust under Agreement dated September 1, 1995 (Recitals and Section 1.7)

Governing law

Florida Not For Profit Corporation, Chapter 617 (Section 3.1)

Assessments & dues

Board prepares annual budget, allocates equally per lot (Sections 3.6, 3.9)

Special assessments

Allowed with majority board vote, due 30 days after notice (Section 3.7)

Collections & liens

Association has lien for unpaid assessments, can foreclose like mortgage (Sections 3.11-3.13)

Reserves & fees

May include reserves for periodic maintenance, repair, replacement of Roadway and Conservation Agreement (Section 3.6)

Voting & meetings

Each lot entitled to one vote; if multiple owners, only one vote per lot and they designate one voter (Section 3.3)

Amendments

First 25 years: majority of owners with declarant consent if declarant owns one or more lots; thereafter majority at special meeting; declarant may amend for scrivener's errors within 10 years (Section 7.1)

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