Preserve at Eagle Creek Estuary All

Key facts from Preserve at Eagle Creek Estuary All's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Special assessments

Association may levy Special Assessments in any year, payable as determined by Board. (Section 10.4)

Collections & liens

Unpaid assessments become a lien on the Lot. Association may foreclose. Lien subordinate to first mortgages and ad valorem taxes. (Sections 10.5, 10.6, 10.8)

Reserves & fees

Late charge as Board determines; interest not to exceed maximum legal rate. (Section 10.6(a))

Pets

Normal household pets in reasonable numbers may be kept, subject to rules and absolute power of Board to prohibit any pet. (Section 2.6.E)

Leasing & rentals

Lease or rental for residential purposes allowed if in compliance with rules or with prior Board approval. (Section 2.6.A(i))

Fences

Fences, walls, screening must be constructed in accordance with Guidelines for Architectural Approval. (Section 2.6.P)

Insurance

Each Owner shall carry blanket all-risk casualty insurance on the Lot and structures. (Section 5.2)

Use restrictions

Each Lot shall be used only for single family residential purposes. No business may be conducted except home occupations permitted in Marion County. (Section 2.6.A(i))

Voting & meetings

Class A: each Owner of a Lot has one vote per Lot. Class B: Declarant has 4 votes per Lot it owns. Class B ends upon Control Transfer Date (when Declarant owns <25% of Lots, voluntarily surrenders, or 5 years after first Lot conveyance). (Section 3.2)

Amendments

Declaration may be amended as provided in Section 13.2; certain articles require Declarant's consent while Declarant owns property. (Section 13.2, referenced sections)

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