Villas IV at Cedar Hammock

Key facts from Villas IV at Cedar Hammock's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Villas IV at Cedar Hammock Association, Inc.

Developer / declarant

U.S. Home Corporation, a Delaware corporation (PREAMBLE)

Governing law

Section 720, Florida Statutes (2004) (Section 3.3)

Assessments & dues

Developer guaranteed max $601.50 per quarter until Dec 31, 2003; then $691.73 per quarter until Dec 31, 2004; then $796.48 per quarter until turnover (Section 4.3)

Special assessments

Allowed for expenditures not provided in annual budget; also funds for material alterations to Common Areas require 2/3 votes of voting interests present at meeting (Sections 4.1(B), 7.6)

Collections & liens

Unpaid assessments become lien, subordinate to mortgages; foreclosure possible (Sections 4.5, 4.6, 4.7(C))

Reserves & fees

Up to 5% of delinquent amount after 10 days past due (Section 4.7(A))

Leasing & rentals

Lease defined; no explicit prohibition appears (Section 1.13)

Fences

Not specifically addressed; alterations require ARC approval

Architectural approval

Yes, for material exterior changes (paint, roofing, alterations, landscaping changes); approval required from ARC and Board for certain items (Sections 5, 7.2(A), 7.1)

Signs & flags

Developer may erect signs during sales; owners subject to ARC approval for changes (Section 6.5(F))

Maintenance

Originally Association; amended to owner's cost and expense (amendment to Section 7.2(B)) (Amendment Exhibit A, striking 'Associati)

Insurance

Full replacement value property insurance on Villa and improvements; Association named as co-insured (Sections 8.1, 8.3)

Use restrictions

Each Villa designed for single-family residence (Section 1.14)

Voting & meetings

Each Lot has one vote in Association affairs (Section 6.1(A))

Amendments

Amendment to Declaration approved by required percentage of voting interests; certificate of amendment recorded; specific threshold not given but amendment certified as approved by required percentage (Amendment preamble)

Amenities

Neighborhood Common Areas (if any) may include walkways, private streets, sidewalks, drainage; also rights to use Club Common Areas per Club Declaration (Sections 6.2, 6.5)

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