Three Southern Oaks Property Owners Association, Inc.

Key facts from Three Southern Oaks Property Owners Association, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential planned community (Preamble: 'developing as a planned commu)

Legal name

Three Southern Oaks Property Owners Association, Inc.

Developer / declarant

Three Southern Oaks, LLC, a Florida limited liability company (First paragraph; Art. I §8)

Governing law

Florida Statutes (Chapters 617, 720) (Art. I §1 (Articles of Incorporation und)

Assessments & dues

Board prepares budget, delivers to members at least 15 days before adoption, then approves budget and sets Common Assessment to cover expenses (Art. IX §2)

Special assessments

Levy by majority vote of Board; for entire membership or individual member for compliance costs (Art. IX §3)

Collections & liens

Lien for unpaid assessments; prior to all liens except taxes and first mortgages; may be foreclosed (Art. IX §4)

Reserves & fees

Board may annually prepare reserve budgets for replaceable assets; subject to §720.303 Florida Statutes (Art. IX §6)

Leasing & rentals

Residential Units may be leased only in their entirety for residential purposes (Art. X §20(b))

Architectural approval

Association approval required for fences, antennas, solar collectors, and other structures (implied architectural control) (Art. X §18 (fences); §9 (antennas); §17 )

Setbacks / home size

Front: 20 ft from street right-of-way; side: 10 ft from side lot line (not facing street); rear: 20 ft from rear lot line (Art. X §3)

Maintenance

Association maintains Common Area; each Owner maintains his/her Unit and all structures, parking areas, other improvements (Art. IV §1 (Association) and §2 (Owner))

Insurance

Association to maintain general liability and officers' and directors' liability insurance; also insurance on Common Area for damage/destruction (Art. XI §3; Art. V)

Use restrictions

The Property shall be used only for residential purposes consistent with Indian River County Code of Ordinances (Art. X opening paragraph)

Voting & meetings

One membership per Unit; multiple owners designate one voter; votes suspended if not agreed (Art. III §1-2)

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