Legend Lakes Owners Association, Inc.

Key facts from Legend Lakes Owners Association, Inc.'s documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (single-family subdivision) (Art. I §7 (Association definition), Art.)

Developer / declarant

Bay Point Yacht & Country Club, a Florida Joint Venture Partnership (Developer); Trustee: Bay Bank & Trust Company (Opening paragraph)

Assessments & dues

Not fixed in declaration; set by Board of Directors (Art. V §3)

Special assessments

Allowed for capital improvements, additions, equipment, loan repayment, party wall insurance, or other legitimate purpose (Art. V §4)

Collections & liens

Association has lien on Lot for unpaid assessments, interest, late fees, and attorney's fees; lien subordinate to prior recorded institutional mortgages; personal obligation; foreclosure allowed; exceptions for foreclosure purchasers and In (Art. V §8, Art. VII §3 (Master Associati)

Reserves & fees

Board may establish reserve funds from annual assessments for major rehabilitation, emergency repairs, and initial cost of new services (Art. V §5)

Pets

Yes, subject to restrictions (Art. XI §15)

Leasing & rentals

Yes, but leases over one year require Association approval; lessees must agree to be bound by Declaration; Association may require uniform lease form; lease does not release Owner from obligations (Art. XIII §2)

Parking & vehicles

Trucks of any nature not to be parked overnight on any Lot (Art. XI §12)

Fences

Fences require approval as part of landscape/structural plans (Art. IX §2)

Architectural approval

Yes, all plans and specifications for buildings, walls, fences, hedges, structures, landscaping, and replacements must be presented to Developer (Approving Party) for approval prior to construction (Art. IX §2)

Home business

Prohibited (no commercial enterprise or business purpose) (Art. XI §2)

Signs & flags

All signs require prior Developer approval as to size, design, content, and placement; Developer not required to approve any sign (Art. XI §4)

Setbacks / home size

Front and back: 20 feet; each side: 10 feet (eaves and cornices may project up to 4 feet; AC equipment may project up to 5 feet over side setback) (Art. IX §1)

Maintenance

Not specifically allocated (part of exterior maintenance of residence by Owner) (Art. XII §1)

Insurance

Association shall provide liability and hazard insurance covering improvements and activities on the Common Properties (Art. IV §1(e))

Use restrictions

Yes, each Lot shall be used exclusively for residential purposes (Art. XI §1)

Voting & meetings

One vote per Lot; joint owners designate one voter; entity designates representative (Art. III §2)

Amendments

Initial term 50 years; may be extended for successive periods if 3/4 of votes cast at a duly held meeting are in favor; written notice of meeting must state proposal; President and Secretary execute certificate of extension recorded in Publ (Art. XIV §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.