Medley at Prosperity Lakes Community Association, Inc.

Key facts from Medley at Prosperity Lakes Community Association, Inc.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Community Association referred to as MEDLEY AT PROSPERITY LAKES COMMUNITY ASSOCIATION, INC.) (Definition of "Association")

Governing law

Chapter 720, Florida Statutes (Homeowners Association Act) – but expressly stated that this Club Plan is NOT governed by Chapter 720. The Association is governed by the Declaration under Chapter 720. (Recitals E and Section 2.3)

Assessments & dues

Club Dues consist of Club Membership Fee (per Exhibit C) and each Owner's pro rata share of Club Expenses. Club Budget adopted annually by Club Owner. Club Membership Fee after 2031 may increase up to 15% per year. (Sections 7.1, 7.2, 8.2)

Special assessments

Not explicitly called special assessment, but Club Owner may levy additional Club Dues for increased costs or damages caused by a Member (Section 7.9). Also, if Club Budget is insufficient, Club Owner may collect difference via special bill (Sections 7.9, 8.4)

Collections & liens

Club Dues and related amounts constitute a lien on the Lot in favor of Club Owner. Lien effective upon recording Claim of Lien; relates back to recording of Club Plan. Foreclosure allowed. Lien subordinate to first mortgages. No notice of d (Sections 9.1, 9.3, 9.5)

Reserves & fees

Club Budget may include reserve funds for periodic maintenance, repair, and replacement of Club Facilities improvements. (Section 8.6)

Leasing & rentals

Yes. Lessee may become Member. Owner and Lessee jointly and severally liable for Club Dues. (Definitions of Lessee, Member, and Secti)

Parking & vehicles

Club Owner may regulate parking and designate Parking Areas (Section 3.7.11). No trailers or boats may be parked on Club Property at any time (Section 14.3). Parking at own risk. (Sections 3.7.11, 14.3)

Signs & flags

Club Owner may post signs (Section 3.4.5). Owners prohibited from posting negative signs on Club Property (Section 3.9). No residential sign restrictions in this document. (Sections 3.4.5, 3.9)

Insurance

Club Owner insures Club Property (included in Club Expenses). No master policy for HOA mentioned. (Section 1 definition of Club Expenses in)

Use restrictions

Picketing and posting negative signs on or about Club Property strictly prohibited (Section 3.9). Members must not interfere with Club development/operation. (Section 3.9)

Amendments

Section 26 appears in Table of Contents but full text not provided. Club Owner may amend Club Plan as evidenced by rights to modify Club Property, Club Facilities, Fee Schedule, etc. (Table of Contents (Section 26) and vario)

Amenities

Club Facilities to be constructed by Club Owner. Examples: fitness center, pool, food/beverage services, commercial space. No guarantee of specific amenities. Club Owner may change at any time. (Sections 3.2, 3.3, 3.6, 7.8)

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