Vanderbilt Reserve

Key facts from Vanderbilt Reserve's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (explicitly not a condominium association) (Section 2.2)

Legal name

Vanderbilt Reserve Homeowners Association Inc. (Definition 1.1.7)

Developer / declarant

SOBEL VANDERBILT LLC, a Florida limited liability company (First paragraph)

Governing law

Chapter 720, Florida Statutes (Definition 1.1.3)

Collections & liens

Unpaid Assessments become a continuing lien upon recording claim of lien; foreclosure allowed (Section 7.11.1, 7.11.2)

Reserves & fees

Allowed as part of Common Expenses, but Declarant may waive reserves during Class B membership (Section 7.1 (i))

Leasing & rentals

Owners may delegate enjoyment of Common Areas to tenants, subject to Board regulation and approval (non-discriminatory) (Section 3.5)

Voting & meetings

Classes A and B as provided in Articles; each Dwelling one membership; Class B membership of Declarant until termination per Section 2.7 (Sections 2.4, 2.3, 2.7)

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