Walton Plantation Master Association, Inc.

Key facts from Walton Plantation Master Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

mixed-use community (residential, commercial, agricultural) with a master association (Recitals Section A; Definitions 1.6, 1.1)

Assessments & dues

Initial $50 per acre per year; if Parcel subdivided, $100 per acre per year for each resulting Parcel. (Section 5.7)

Special assessments

Requires vote of >50% of membership other than Developer. Special assessments also may be levied against individual owners for damage or violations. (Section 5.4; Section 5.5; Section 5.6)

Collections & liens

Assessment liens secure unpaid assessments; can be foreclosed in same manner as mortgages under Florida law. (Section 5.1; Section 6.3)

Reserves & fees

Interest at 18% per annum on unpaid assessments from due date if unpaid within 10 days; acceleration after 30 days. (Section 6.1)

Pets

Yes, Parcel Owners may keep pets, but are responsible for actions and cleanup. (Section 8.8)

Leasing & rentals

Yes, Owners may extend use to tenants/renters (Section 2.2). No express prohibition on leasing. (Section 2.2 (delegation of use); Section)

Parking & vehicles

Not specifically addressed; but Master Association may regulate parking on Roads and enforce rules. (Section 2.3)

Fences

Not explicitly mentioned, but any exterior improvement (including fences) requires prior written consent. (Section 8.5)

Architectural approval

Yes, prior written consent of Master Association required for any exterior improvement, including attaching anything to roof, walls, etc. (Section 8.5)

Home business

Not explicitly prohibited, but use must be lawful and not a nuisance. Certain commercial activities on Commercial Parcels are expressly not deemed nuisances. (Section 8.13 (list of non-nuisance activ)

Maintenance

Owner responsibility (since it is on the Parcel). Master Association maintains Common Properties only. (Section 7.1)

Insurance

Master Association obtains fire insurance on Common Properties and Recreational Areas at replacement cost. May obtain other hazard insurance; liability insurance including medical payments and malicious mischief. (Section 10.1, 10.3)

Use restrictions

Not exclusively; commercial parcels allowed; agricultural use also allowed. (Section 1.6 (Commercial Parcel), Section)

Voting & meetings

Class A members: one vote per Parcel owned. Class B (Developer): two times the number of votes held by all Class A members, plus one vote; appoints all board members prior to Turnover. (Section 3.2(a), (b))

Amendments

Article 3 cannot be amended without Developer's written consent as long as Developer is member. Other amendments: not fully detailed, but Section 2.8(b) says Developer may amend Recreational Use Easement. Section 13.10 allows Supplemental D (Section 3.4; Section 2.8(b) (amend easem)

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