Raintree Cove Homeowners Association, Inc.

Key facts from Raintree Cove Homeowners Association, Inc.'s documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Preamble of all documents)

Legal name

Raintree Cove Homeowners Association

Developer / declarant

Lanai, LLLP, Jay Atchley, President (Execution block; Section I)

Assessments & dues

Initial maximum annual assessment is $700.00 per lot per year. (Section X.C)

Special assessments

Special assessments for capital improvements require approval of two-thirds of each class of members. (Section X.D)

Collections & liens

Assessments are a charge on the lot secured by a continuing Vendor's Lien. Association may foreclose the lien judicially or non-judicially (including power of sale). (Section X.A, X.H)

Reserves & fees

A fee of no more than $75.00 per lot may be assessed whenever a lot is transferred. (Section X.A)

Voting & meetings

Class A (all owners except Declarant) – one vote per lot; Class B (Declarant) – ten votes per lot. Class B converts to one vote per lot when Class A votes equal Class B or on September 30, 2029, whichever first occurs. (Section IX.D)

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